Wolverine Resources Corp (WOLV)

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I'm a shareholder who has been following this for a couple months. Willy Wizard tells me Sjls is an institutional investor. Doubloon says Smith Barney -is that the name of the Co.?
Somebody said institutional investors have to sit on the sidelines until results are known but SJLS has been active the last few days,apparently buying and selling,as per level 2.
Any insight or explanation of this?

Could SJLS be aware of results? It does seem some front line personnel would have visual inspection of at least some drill cores by now?

Also somebody said some big boys can't buy anything under one dollar/share-Why would that be? and that when this reaches one dollar,that will allow a lot of big money to come in.