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  • Dryships' Questionable Deals Don't Help Investor Confidence  [View article]
    User 208657:

    George Economou does not get the $104M cash for free. It was payment for a purchase option. DRYS will have the option to pay another $160M to get the four ships, before the end of 2009, hence save $80M from the original $400M price tag). And why would DRYS not proceed with the purchase option? $160M for 4 near new condition cape size ships seems to be rather cheap.
    Dec 14 17:06 pm |Rating: 0 0
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