No clue who's behind that updated $11.50 supposed buyout offer yesterday but it needs to be clearly stated that last week the same buyout rumor was released by that service with a supposed $9.50 share price and it caused ZERO volume here whatsoever.
So IMO whoever's behind those 2 buyout rumor announcements simply saw the big volume spike initiating yesterday and quickly rushed to put out an updated share price.
I personally don't believe a word of it as CEO Odidi's been adamant since day 1 of leaving Biovail and launching Intellipharmaceutics that he's "building another Biovail, better than Biovail" his exact words not mine k cheers:)