In my opinion it is very simple. I believe they new in advance that the direct offering was coming. That is the only thing that mattered. They new a day or two or more ahead of time. They also knew they would be buying 1mil shares at $6. And they knew the hour it would happen. That knowledge alone provided the opportunity to spike the shares, short 1mil or more at $10. They knew that worse case they could cover at $6. They did better! Covered at sub $5. Then sold all their shares at $7 and $8. All just my idiotic opinion of course.
"The real question is, what did VTSI tell these investors that is not public knowledge..."
You better hope they told them nothing because if they did this stock will go to zero. I don't believe the CEO would ever take a chance on anything...good or bad.
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