Question...On Feb 27th almost 2.4 million common NASDAQ shares got traded between open and 11:30 a.m. After this another 500 K, seemingly reactionary shares, or so got dealt around on the same day and things have slowed down since. If one also looks between 2/6 and 2/24 and adds up all the shares traded after the fraud story one gets 2.2 million or something. So, one is led to speculate that maybe on the 27th some entity decided to buy up all of the 2.2 million shares or so that were freed up by investors that got scared and dumped on 2/6. Presumably that entity had to trigger the sell limits from the multitude of new investors that bought sub 2 dollar shares from a smaller number of frightened investors. Said entity would have to pay a premium for this kind of surprise move. The price history supports that...from what I can tell more than half of those shares sold for over 2.15 and the price went all the way up towards 2.5 early on the 27th. The market has since recovered from witnessing this and the prices and volume have understandably subsided. So, there must be a new big shot in this stock, right? It can't be a coincidence that everyone just decided, on no news mind you, to buy on the 27th (though didn't one of the board members resign on that day). Shouldn't we have seen some kind of 13d form or something if one entity bought all those shares? It has already been 10 days. Also, from my math it seems like if this guess that a big shot has gobbled up 2.4 million shares and isn't selling yet and this is all the shares that could have possibly been traded after the fraud thing then the price for a while will only be determined by 800 K shares or so since none of the other investors were willing to trade any of the 5.7 million remaining shares at current prices? So this thing is seriously locked up right now? Thanks in advance for any insight.
