IMO - the only reason the pps is down where it is because GE pissed off wall street and investors. All of the self-dealing is preventing the "new" DRYS from moving higher.
With that said, today DRYS is a different company. Managements stripes are the same unfortunately and GE will always deal in a way that benefits him the most. So ask yourself, why would GE want his 70 million shares to be worth $3. Why not at least closer to book value or higher? That's at least a $250 million dollar difference to him personally. Clearly he wants the pps to go higher, which is why there is a dividend, share buy back, and a spinoff. These are all targeted to push DRYS valuation higher.
