|Bid||1.31 x 3700|
|Ask||1.35 x 100|
|Day's Range||1.36 - 1.67|
|52 Week Range||1.27 - 799,680.00|
|PE Ratio (TTM)||-0.00|
|Dividend & Yield||68.26 (2,267.61%)|
|1y Target Est||N/A|
Greek bulk carrier DryShips has been doing a nice submarine impression since its mysterious 1,500% spike back in November, shedding 99.9% of its value as millions of new shares have been issued with seemingly ...
DryShips Inc. has announced that the High Court of the Marshall Islands has issued a denial to a preliminary injunction from plaintiff Michael Sammons. The motion that Sammons was seeking was to suspend the company from making further issuances of new common shares that are below a certain price. The High Court of the Marshall Islands made its decision after hearing arguments from DryShips Inc., its Chairman, President and CEO, George Economou, as well as a panel representing Sammons.
DryShips Inc. (NASDAQ:DRYS) shares fell hard this morning after management announced that a reverse stock split is in the cards. Specifically, the Greece shipping company has determined to effect a 1-for-7 reverse stock split of the Company's issued common shares. Typically, stocks only reverse split after they've been in a long downward spiral and they're at risk of being booted off a reputable stock exchange.