Could be.
I'm inclined to think it's jus people like you and me, who live in the EU, though.
I mean c'mon. The U.S isn't the only country with investors.
If you were from the UK and you saw a product on the shelves selling well, I'm sure you could find a broker who could get you ECIG shares at the discounted EU-to-dollar rate, which would be an automatic 20%-30% conversion advantage.
Crazy possibility, but it does explain .08's as the avg bottom.