Bullboard - Stock Discussion Forum DryShips Inc. DRYS

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DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the... see more

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NDAQ:DRYS - Post Discussion

DryShips Inc. > New shares

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Post by ufoolme on Apr 21, 2017 2:38pm

New shares

Likely shares sold to Kalani Investments from their 226 million dollar sale agreement. Kalani is obligated to buy the shares at DRYS discretion for a period of 24 months. As they just bought 3 more ships for 68 million likely need the money to pay for them. Imho

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Comment by Marky2 on Apr 21, 2017 4:12pm

But if one buys shares shouldn't it push the SP upwards? When the company had their reverse stock split they said that they had the okay from their shareholders....Is this true, and why would shareholders vote for such a dilution of the stock anyways? Can they do another reverse split again or do they have to come to the shareholders and ask for their approval? Sorry,I can't figure ...more

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Comment by ufoolme on Apr 22, 2017 9:51pm

Share prices move from demand or lack of it. If there is more demand than shares available, then the price will go up. If there are more shares for sale than there are bidders, then it will go down. Sheer volume is not the complete answer. This is a traders stock, so many of the people who buy these shares are betting on a quick price move one way or another for a small ...more

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