Yes the spike came out of nowhere, but really didnt cost much for them, if you look at the data from 3.7 to 6.3 only cost $587k and 11.5 million shares to get the price from 3.7 to 6.3.
So really its not a bad strategy by whoever is behind it, spend half a million to buy 11.5 million shares double the share price, its going to attract attention along the way, and maybe get some traders and investors dipping in again who think something is up, so it wouldnt even be them buying 100% of orders.
Then they can even start selling on the hype they created in the euphoria when there was buys above 10 the days after and the company does a cap raise 50% higher to what it was trading before the pump. Everyones a winner except those that bought in the pump.
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