An investigation was announced for investors in NASDAQ:DRYS shares over potential securities laws violations by DryShips Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of DryShips Inc. (NASDAQ:DRYS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DryShips Inc. (NASDAQ:DRYS) concerning whether a series of statements by DryShips Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
From November 9 through November 16, 2016, DryShips Inc’s stock price rose from $163 to $2,336 per share.
The Wall Street Journal reported “A day after shares peaked,” DryShips Inc. “embarked on a series of stock sales totaling more than $500 million,” and continued to describe how DryShips sold its stock to Kalani Investments, which then sold the stock to “small investors.” It was further promoted that this “sequence of events” could “yield” George Economou, DryShips Inc’s Chairman and Chief Executive Officer, “tens of millions in profits.”
On May 19, 2017, NASDAQ:DRYS shares closed at $4.00 per share.
Those who purchased shares of DryShips Inc. (NASDAQ:DRYS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com