So I've been reading about John m fife, who bought about 400,000 shares in April 2016 under typenex company name that he is sole owner. Probably for around $0.05.
He has been involved in some suspected insider trading cases, where he bought just under 10% of companies (uahc, reac) before they ran up and he cashed out.
It makes sense he would buy at 0.05, help efct resolve its debt issue and ride it back to a realistic valuation and make millions if it goes back to $4.
Just a theory that I hope is right.