Thanks for the feedback and your insights given your work experience.
A poster from Friday (I believe it was Junewong) kept noting the huge blocks being traded. That poster also stated that for someone to be buying such huge blocks, that block purchaser must know something.
Clearly EGMI has leaks of RegFD information or else this stock would not have had such high volume price declines. Perhaps there are leaks to the upside where someone knows definitively of such a buyout. I can't imagine why else anyone would be willing to buy up such huge blocks. I doubt it is more than one person/entity doing so since there has never been more than two large institutions holding a greater than 5% position.
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