It is a riddle dread....
Somewhere out there there is a player with a plan and has a UBS connection...they have participated in 1/3 of the volume for roughly the last 10 months...thats around 1,500,000 shares....UBS has been more active on the buy side...estimate from my observation is about 75% buy side...
Thats around 1.2 million shares bought at an avergae of around $2 bucks.......why...? Covering...?????? Could very well be....or accumulation as dread just referenced...if it's accumulation, that 1.2 million shares falls neatly under the SEC 5% disclosure rule(I think it's 5%)
Could some party have aggregated just enough shares under the radar at these very low prices, so they would not exceed the reporting percentage and be able to make a killing on the run up from a deal..At 30,000,000 shares outstanding, if someone or some company acquired 5%, that would be 1.5 million outstanding shares of TOVC, it would have to be reported to the SEC...???? For some of you who don't buy into the short theory, the accumulation theory might get your attention...again, it's speculation, but if it's true, who and why and maybe more important, what do they know....
I absolutely love this stuff...!!