FrankieJ - the insider trading reason is just a theory with less merit than the common sense of folks buying stock on a daily basis. They publically stated that they would buy stock I believe more than 6 weeks ago and I believe they simply have....There is a "white knight" theory that they will buy us to the NASDAQ. Even a purchase of 125M+ shares won't hold 5 bucks for 90 days....It will take a combination of many things...So until the filing I believe this will be one of the big mysteries...
Wessal made an offer to purchase 25% at the end of the Emaar deal. Those are the only numbers Wessal knew of at the time of the offering. At the time that is insider knowledge. However, since Wessal had not bought at that time there is nothing illegal about an offering to buy stock. The PR about the Emaar deal and the PR about Wessal buying then makes everything public knowledge and allows them to begin buying.