Orion Marine beat earnings estimates and that news must be helping GLDD. There is a larger than normal short position in the stock that might be coming down with the ORN news, putting additional upward pressure on the price.
I have been steaming for the past couple of days after seeing that nonsense. You are absolutely correct. There seems to have been no consequences for bad management moves at all, either for the disastrous purchase of Magnus Pacific or for the inappropriate/fraudulent announcements of future revenues and profits. Where are the major shareholders?