I'm no financial whiz, but what just happened with this BOCX secondary seems rather bizarre! How can it be that the volume for BOCX stock averages maybe 60K per day for months on end, then suddenly, some investor(s) want to purchase 84 million shares! On absolutely no news!! What am I missing here?
I presume that somebody thinks the stock price is headed higher, but given all the dilution now, I don't see how it's going to go much higher unless there is some really significant (i.e., major) news forthcoming.
Would anyone care to speculate? Was this just preparation for a future (major) pump and dump? Did somebody dupe some investors into parting with $6M by speculating on BOCX? Could there actually be an institution or saavy investor behind the scenes that sees something good forthcoming?