DryShips Inc.DRYS.q is facing a down day and a down transportation sector. The company disclosed that it has obtained another credit waiver on its $230 million loan due December 1, 2010, but the real reason for the drop is that the company is once again heading back to investors for another securities sale.
The Greek shipping company has filed with the SEC to sell up to $350 million in common shares.
The Greek shipping company has filed with the SEC to sell up to $350 million in common shares.
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