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DryShips +35% AH following Kalani stock purchase a

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Post# of 23063
(Total Views: 820)
Posted On: 01/30/2017 9:58:59 PM
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Posted By: fitzkarz
Re: Chasing Stars #15711
DryShips +35% AH following Kalani stock purchase agreement
Jan. 30, 2017 6:47 PM ET|About: DryShips Inc. (DRYS)|By: Carl Surran, SA News Editor

DryShips (NASDAQRYS) +34.9% AH after disclosing more information related to its Dec. 23 sale of more than 22.5M shares to Kalani Investments; shares already had rallied 23% in regular trading.

DRYS says it sold more than 31M shares to Kalani between Dec. 23 and Jan. 30 at an average price of ~$6.30/share for a total of $200M.

CNBC's Karen Finerman says: "Kalani Investments has already sold [the shares] to the public... They haven't made that particularly clear... So if you're buying it because you think somebody just bought $200M worth of stock - no. I think they were selling it to who they hoped would be the bigger fools."

Sounds like Seeking Alpha shorting!


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