If Morgan (and others) wanted to buy, then there are other ways - rights issue, placement etc - with the money going to the company itself.
If Drury were to sell on market, with an illiquid stock, the price would quickly fall and it would also look bad.
My guess is Drury wanted some cash and Morgan was happy to buy more, and was having the same issue with liquidity as a potential seller has.
Nice solution. Smart. But good news? Hardly.