You can't just give something out to shareholders without your market value being reduced (implicitly) by the same value.

Why not? We all have seen instances when a company gives shareholders a cash dividend and it does not reduce the share price, in fact share price can increase in anticipation of the next dividend. Recently KWG increased their value by 16 million cash when they sold a blue sky NSR agreement and that did not add to it's market value. Today KWG reduced their paid up capital to effect the DDI transaction and from the markets perspective and, imo of course, we should be indifferent to it.