It famously underwent multiple reverse stock splits that wiped out nearly 99.9% of long-term shareholder value.
The company issued massive amounts of new shares, which heavily penalized existing investors. Better Alternatives for 2026 drys stock buy or sell
It was officially removed from the NASDAQ following the merger. Historical Context It famously underwent multiple reverse stock splits that
CEO George Economou, through SPII Holdings, acquired all remaining shares for $5.25 per share in cash. through SPII Holdings
If you are seeing "current" price data on some financial sites, it is likely from the time of the buyout (roughly $5.24–$5.25). Before going private, the stock was notorious for: