Worst CEO In The World? DryShip's CEO George Economou [Seeking Alpha]
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: Seeking Alpha
Summary The market can be known to do some crazy things and this week was another example in the disastrous company known as DryShips INC (NASDAQ: DRYS ). The CEO George Economou managed to completely destroy any shareholder value over the last several years with massive dilution. Believe it or not the share count went from nearly 700M earlier in the year to just over 1.1M today. In my history as a trader I have never seen so many reverse splits. The SEC should be ashamed of themselves for allowing this company to be publicly traded. In August I warned investors to stay away from the company in my article titled " Worst CEO in the World ". March 2016 the company did a 1 for 25 reverse split . This reduced the share count from approximately 672M to 29M August 5th the company announces a 1 for 4 reverse split . This reduced the share count from 39.5M to 9.9M. October 27th the company announced a 1 to 15 reverse split . The last reverse split took
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