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DryShips Inc (DRYS.OQ)

DRYS.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Dryships believes recently filed derivative lawsuit, motion for temporary restraining order, preliminary injunction are without merit
Wednesday, 5 Jul 2017 

July 4 (Reuters) - Dryships Inc ::Dryships inc. Believes that recently filed derivative lawsuit and motion for a temporary restraining order and preliminary injunction to suspend further issuances of common shares below a certain price are without merit.Dryships Inc - ceo and chairman of co's board Economou have been named as defendants in lawsuit filed in high court of republic of marshall islands.Lawsuit alleges breaches of fiduciary duty, unjust enrichment, and conflict of interest.Co and management have reviewed complaint and motion and believe them to be "without merit".Dryships - plaintiff seeks temporary restraining order, preliminary injunction to suspend issuances of common shares by co at price below specified by plaintiff.  Full Article

Dryships Q2 diluted loss per share $0.34
Tuesday, 9 Aug 2016 

Dryships Inc : Six bank facilities matured and company has not made final balloon installment . For q2 of 2016, company reported $0.34 basic and diluted loss per share . Company is presently engaged in discussions with its lenders for restructuring of its debt facilities .For remaining bank facilities, company has elected to suspend principal and interest payments to preserve cash liquidity.  Full Article

Dryships announces reverse stock split
Friday, 5 Aug 2016 

Dryships Inc : Announces reverse stock split .Determined to effect a 1-for-4 reverse stock split of company's common shares.  Full Article

DryShips says doubts ability to continue as a going concern for a reasonable period of time
Tuesday, 7 Jun 2016 

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.  Full Article

Dryships inc. Q1 earnings per share $2.05
Friday, 20 May 2016 

Dryships Inc : Qtrly revenues $492.1 million versus $11.9 million . Dryships inc. reports financial and operating results for the first quarter 2016 . Q1 earnings per share $2.05 .Q1 loss per share $0.78 excluding items.  Full Article

BRIEF-DryShips announces commencement of its third very large gas carrier 10 year time charter with an oil major trading company

* DryShips Inc announces commencement of its third very large gas carrier 10 year time charter with an oil major trading company