DryShips says doubts ability to continue as a going concern for a reasonable period of time [Reuters]
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: Reuters
DryShips Inc (DRYS.OQ) Key Developments | Reuters.com DryShips Inc : As of March 31, co in breach of some financial covenants, while 3 bank facilities matured, co hasnt made final balloon installments . Three lenders have declared an event of default - SEC filing . For some bank facilities, the company has elected to suspend principal repayments and interest payments . Cash expected to be generated from operations or proceeds from the sale of vessels will not be sufficient to cover co's working capital deficit . Present conditions, events raise substantial doubt about the company's ability to continue as a going concern, for a reasonable period of time .Present conditions, events raise substantial doubt about the company's ability to continue as a going concern, for a reasonable period of time. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted
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