Yet another round in the dispute between the Greek dry bulk carrier and a shareholder is decided in favor of the carrier and its founder, George Economou. A court in the Marshall Islands has rejected the plaintiff's injunction against the carrier's sale of stock, informs Dryships.
The charges against Greek bulk carrier Dryships and its management are unfounded, stresses Dryships in a statement. The carrier is preparing for a showdown while at the same time announcing a new reverse stock split.
Ocean Rig, owned by Greece's George Economou, has filed for bankruptcy protection in the US under Chapter 15 in an effort to prevent creditors from disrupting the efforts to restructure the company's debt.
What could explain a price surge as big as USD 5 to USD 73 in an ailing bulk carrier over a period of just four days, asks Alphabulk. The analyst agency offers an explanation for the huge price jump logged before trading of the share was halted on Nasdaq in New York.
Drilling company Ocean Rig, which is owned by Greek magnate George Economou, is at risk of being de-listed from the Nasdaq Exchange in New York after its share price has hovered below one US dollar for 30 consecutive days. The company is now considering a reverse share split.
A review performed by Alphabulk of the annual reports published since the IPO of now-struggling dry bulk carrier Dryships shows that the carrier's Greek primary stakeholder, unlike other investors, has made a solid profit on the carrier.
CEO of the dry bulk and tanker carrier DryShips, George Economou, is to buy the carrier's whole fleet of ten vessels for one of his other companies. DryShips is presumably the hardest hit dry bulk company on Wall Street.
Tørlast- og tankrederiet DryShips' CEO George Economou køber hele rederiets tankflåde på ti skibe op til et af sine andre selskaber. DryShips er formentlig det hårdest ramte tørlastselskab på Wall Street.