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Net-Man

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Net-Man

Re: ValuHunter post# 57271

Tuesday, 10/02/2018 5:56:05 AM

Tuesday, October 02, 2018 5:56:05 AM

Post# of 58072
Said a little differently - the number of non GE owned shares has decreased by about a third. His shares came out of a lock up period last year and as far as I know are tradable.

My assumption has been that GE has been working with someone to short DRYS down so he can continue to buy shares back at a huge discount to book. The run ups appear to be timed just prior to a new S 13D/A being released and likely due to the pressure coming off so a count can be taken of the remaining shares.
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