We Erred Last Week – DryShips Correction

Pankaj Khanna of DryShips was kind enough to point out that the increase in DryShips’ shares we discussed last week was not the result of an existing ATM but instead derived from the mandatory conversion of the preferred convertible shares the company issued with respect to the acquisition of the newbuilding drillship hull 1865. The last tranche of the preferred shares related to the delivery of drillships hull 1866 will convert in the fourth quarter. We apologize for the error.

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