Now this is puzzling. BQT SOLUTIONS (BQT) rose steadily from...

Now this is puzzling.
BQT SOLUTIONS (BQT) rose steadily from 26.5c on August 22 to
31.5c on Tuesday with daily turnover increasing just as steadily from
519,000 shares to 3.6 million.
It was starting to look like a prime candidate for a please
explain from the stock exchange.
Then, yesterday afternoon, after the shares had climbed further
to 34.5c, the company made a "strategic" $1 million placement of 4.44
million shares at the bargain-basement price 22.5c.
The price slipped to close at 32c, which is still a huge
premium and holds onto the gain racked up ahead of the placement.
Turnover climbed to an even more serious 6.8 million shares.
The clue may be here.
In the placement announcement directors said, "We believe the
contacts and introduction to new business from our investor is of
importance to the company."
Gulp! was the "investor" ... him?
Is it a secret?
*****
While we're on secrets ... we wonder whether it was this
announcement from BQT managing director John Genner earlier in the day
that has caused all the activity.
"We are pleased to announce the supply of BQT's high-security
technology and products, currently being installed in high security
offices in the UK," he said.
"For the past three years, the BQT Solutions London office has
worked closely with United Kingdom government departments and
intelligence services to deliver high security access solutions.
"For confidentiality purposes we cannot release more details."
Well, we suppose they could tell shareholders but then they
would have to kill them.
"This installation is based on Mifare DESFire technology, a
3DES encrypted data communication application allowing the most secure
smart card transaction process available, and we see this sale as being
the forerunner of many more high-security installations," Mr Genner
said.