Kalani Investments - Who They Are And Why They Love DryShips
March 20, 2017 - 1:37pm
In the past several months, DryShips Inc. (NASDAQ: DRYS) shareholders have become very familiar with the name Kalani Investments. But other than the name, there isn’t much to know about the mysterious firm founded in 1996 and domiciled in the British Virgin Islands.
According to filings, Kalani is an investment vehicle that is not directly affiliated with DryShips. After DryShips underwent three reverse stock splits in 2016, the company announced in November that it had secured $100 million in financing from Kalani, leaving many investors to speculate that DryShips CEO George Economou is actually the one pulling the strings at Kalani.
No Short Story
On the surface, new financing may seem like good news for ...Full story available on Benzinga.com
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