In theory you're not too far off but in reality it's impossible to buy up another 30m right now without drastically sending the price into orbit. The only reason there's been this much up for grabs in recent months is all the dilution, but once that's done then there's no way anyone's getting massive amounts of dirt cheap shares anymore. However if someone or some group was buying heavily into the dilution over the past couple months, they've effectively bought up most of the o/s at a dirt cheap market cap, and now they're in control of the float and that's why this should fly soon.
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