This stock has been susceptibe to that kind of manipuation for more than one year. Why would someone want to buy this stock now, right after very bad news, causing a triple. There will be reatively few buyers on the way down after that 8-K.
141 million shares for $60-$70K?.
A better theory is that someone is looking for control. Assets exceed liabilities. That Davel suit is a very vauable asset. Someone takes control, Jay is ousted, they go settle the suit for a bit less than 20 million, pay off YA and earn a very healthy retun on their shares. Or, alternatively, someone knows about a settement that is about to occur.
Whether it is a group acting in concert or one person/company, they have to file with the SEC when they hit 5%.
It has the feel of an inside job. My two cents.
Look for a filing next week.
BTW, I hold 8,278,000 in case anyone is counting.
Any legal analysis I post is not a formal legal opinion and may not be relied on by anyone for any purpose. If you want legal advice you can rely on, hire a lawyer.