How can a stock like Clive Peeters which is mainly owned by its...

How can a stock like Clive Peeters which is mainly owned by its directors gain 30% because one investment arm has bought shares. K2 Asset management has bought just over $ 2,000,000 of shares and pushed the company up by $40,000,000. This does not quite seem right on a very tightly held company. Can anyone tell me who is k2 Asset mangement