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DryShips (DRYS) increases the size of a previously announced offering of shares to 10M and...

DryShips (DRYS) increases the size of a previously announced offering of shares to 10M and prices it at $16.25 a pop. Companies affiliated with the CEO have agreed to purchase 1.9M of the shares. Shares +0.2% premarket.
Comments (2)
  • "Companies affiliated with the CEO have agreed to purchase 1.9M of the shares."

     

    Sounds just like the FED buying up a majority of US treasury debt. It shows the dearth of real buyers. The CEO's captive company's shareholders put their money at risk to help DryShips... Something they didn't knowingly sign up for.
    12 Apr 2012, 09:15 AM Reply Like
  • for that amount of money...you could buy your own fleet right now....all anchored now
    12 Apr 2012, 09:25 AM Reply Like
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