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Strategies & Market Trends : Longer-Term Market Trends

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To: Fiscally Conservative who wrote (3159)4/15/2015 7:50:27 PM
From: MythMan2 Recommendations

Recommended By
Fiscally Conservative
mary-ally-smith

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spot on re; the reverse split, as usual...

9:01 am DryShips announces receipt of NASDAQ notice; co says it may consider a reverse stock split ( DRYS) : Co announces it has received written notification from Nasdaq indicating that because its closing bid price for the last 30 consecutive business days was below $1.00 per share, the company no longer meets the minimum bid price requirement for the Nasdaq Global Select Market. The applicable grace period to regain compliance is 180 days, or until October 12, 2015. Co intends to monitor the closing bid price of its common stock and is considering its options, including a reverse stock split, in order to regain compliance.

Others go ZZZZZZZ the usual nonsense response. It's going to zero...but hey he read the SEC reports..
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