It'll take time to move the share price up in a stable way. There's a lot of churn waiting to happen. If I were GE, and I had six months of tailwind to build up the pps before releasing 36 million shares into the float, I'd want the price to be as high as possible and heading higher. It would also give him more room to short on the way down.
Plus, I'm sure those locked up shares aren't the only shares in play with GE and his friends.
The important thing is to watch what he does, or doesn't do, and not wait for him to do what we think he should be doing. He may have reasons to keep the price locked down going forward. If the price isn't moving up between the conclusion of the Offering, and the end of December, I'd strongly suspect GE's interests may no longer be aligned with shareholders.
JMHO
