Scale matters. DRYS float versus AAPL. DRYS pps has been taken down in the pre market with trade of just a few shares. Selling 1, 2, or even 5 shares is clearly manipulation of the shareprice. This strategy has been ongoing since GE announced the buy back. And he has been buying. Keep in mind it has been almost a month since there was any word on how many shares have been purchased by DRYS. No word on DGAS either. At the current price level GE will buy back roughly 40% of the shares he didn't already own. My guess is he has been manipulating the pps lower in order to pick up as many shares as $50 million can buy. I also don't believe there will be a DGAS spinoff until the buy back is complete. I also believe that if the DGA pps drops he will be there to buy that up too. That would be very much his MO to split off DRYS assets and buy them up for a pittance.
News 
Market Data 
Discover 
