You have me confused with someone else then, cause I have been in commodities and equities going 30 years now. Am a small business owner in fact (but have many connections), and still use many resources to gauge truth and fact trying to invest for my personal benefit and my family's. But I am no stranger to DRYS or Economou and his games he has played for 8 years on investors.... If I can help others along the way then great! There is a LOT of con jobs and scams being played today upon people as integrity NEEDS to be restored to US securities markets and hopefully under the new Administration of Mr. Trump, it will.
Here is a post I put on I-Hub 36 hours ago regarding info I received in a mail against many complaints on there as well as Yahoo Finance sites as so many losing monies buying its stock based on SEC filings and PR's since late November market action::
The scam is the second offering and doesn't have a floor. They'll attempt to flood the market with shares and short the stock. They will purchase the shares based on the lowest VLGC in the past 8 trading sessions. That's likely why the executed the first offering. There was an upfront payment to Huyundai heavy industries.
At FYE16, they had $150m in liquidity. So why did they need to sell shares in the first VLGC options already? That's very suspect on the management's end of this. It appears they're working together. At some point the stock will bottom (currently trading under book value) and I'd be willing to bet we will see additional, if not all of the offering executed. That would give Anson the best ROI on his shady financing scheme with Kalani here. It's complete fraud and the guy needs to be locked up for exploiting capital markets. The timing is where things will be crooked. The dilution increases as they short and flood the market. Once they stop, they can lock in the dilution which will ensure they can cover their short position. What a shady business model. If he's working that closely with George Economou, that would violate securities laws. There's so much attention on this deal right now. I hope this kid trips up.
And if you take the time to read the article, he did the same thing with another Greek dry bulk shipper in 2013.. I'm assuming the international/British islands entity makes this easier to orchestrate such a shady structure. We are trading below book value at 15 straight sessions without a catalyst AND beginning to look very suspicious. It's important to turn over every stone and it's amazing what you'll find.
The SEC is now watching the trading activity here and will be watching the timing of the next offering. As I've stated, it will be a radio flag if GE executes the remainder of the offering that captures the VWAP (lowest price). That is the way Joshua Sason/Magna Investments/Kalani structured this deal. Now he's running a short and distort campaign (note that stock manipulation is illegal). I'm simply exposing the truth as to what is going on here and even providing a forward view as to how this will most likely play out.
There's no logical explanation for needing to raise capital right now for the VLGC acquisitions. The timing of the first option was strange as well. But if you look at the amount of shares that Kalani has purchased, it's obviously based on the high volume here that they don't have long before they will run out of shares to dump on the market. We traded almost 20 million shares in yesterday's session. This volume was not built into their structure when they struck this deal with GE. The volume followed the short squeeze in November. Note the Kalani offering was announced in those few days of trading.
I still think this stock is an attractive buy but there's are some red flags here the way the two offerings were stacked up. And especially the structure of the second offering.
The regulators are watching closely now, Joshua Sason/Magna Investments/Kalani.