More like, lucky to have a CEO that took a bankrupt shell, and turned it into a buyout candidate. Those that know the deal are making money during the process as well as setting themselves up to make money on the buyout.
Buy a lot, sell a little, buy the dip, sell a little on the rise, eventually have millions of shares on house money. Walk ask down. Frustrate short term shareholders. Buy their shares at extreme low, sell a little on next rise, buy more on dip. Rinse repeat.