Actually it does make sense. Do it on paper. This is hypothetical....
If Fortress gets $100mil from the sale of Bouse & S Copperstone, with 44bil shares outstanding, assuming we get a dividend, the amount would be $.00227 per share. If Fortress spent $690k of that $100mil to buy back the 3.45bil shares at $.0002 that would leave $99,310,000 left over. If they take that $99+ mil and give a dividend for every 40.55bil shares now outstanding, the dividend amount would be $.00245. So, by spending less than 1% of the $100mil, shareholder value increased almost 10%, hypothetically. Sometimes you just have to write it down.