Relationship with CAR

Why would CAR, who own 20% of ICQ, and have a strategic agreement with ICQ, drop its SP today from around $12.40 to $11.51, and then rocket up to $12.80-ish at present.

After all CAR have just seen their 20% equity stake drop in value, which would dilute their own earnings, and reflect on their judgement / wisdom in investing in ICQ.

If anyone has reason to complain about the delayed bad news from ICQ then its surely the Board/ management of CAR.

A possible takeover offer by CAR ? - not likely since it would not make sense since ICQ is bleeding cash, management are inept, and its business model is flawed, all of which means that the ICQ business can be purchased later this year for next to zero.