$DRYS interesting news! 9:27 AM EST, 12/01/2016 (
Post# of 22713
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9:27 AM EST, 12/01/2016 (MT Newswires) -- Shares of DryShips (DRYS) are trading nearly 19% higher in premarket after the company's CEO became the leader of record under its $85.1 million syndicated loan previously arranged by HSH Nordbank.
As a result, entities affiliated with George Economou control the majority of the company's outstanding $154.5 million debt. The remaining debt of $16.5 million is associated with third party commercial lenders, currently in discussions to reach an amicable settlement.
DRYS last traded at $6.10, near the low of its 52-week range of $3.84 to $435.90.
Price: 6.13, Change: +0.88, Percent Change: +16.76
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talk about putting your money where your mouth is.
also don't forget recent insider buying 100k @ 5.81
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