There is definitely a motivated buyer out there consistently accumulating this over the past month or so, but we can only guess what inspires them to keep buying this up.....
I don't think it's likely that the buyer was inspired by last quarters results, which while impressive on the top line, were not to impressive at the bottom line, as far as most individual or institutional investors would be concerned.....
However, remember that Morrison Park Advisors Inc. is out there shopping Covalon around for "1+1=3" M&A opportunities for the company......and maybe an interested, or even an uninterested party would be impressed by that topline growth, or was impressed with what they got a look at "in discussions"?
There's also a possibility the company could be nearing a potential licensing agreement, that spike in licensing fees and "services" a couple quarters back was interesting to say the least.....and I would kind of expect to hear more about that sometime in the future, as it may relate to a licensing/product development deal eventually.....if all goes well in the early evaluation stages...which would presumably involve "services".
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