Quote Originally Posted by turmeric View Post
Seems someone might have known something snapping up all the shares at 1.66, 15min before the announcement today... Looks a little dodgy on the surface of things...

Looks like a good announcement though!!
They were sniffing around last year so the rumour has been around for a while. My guess all everyone at head office knew and all the franchisees as well. I hadn't heard anything recently.

The increase in price with the purchase a few days ago is just because of the big spread and lack of liquidity. It has always jumped around with each purchase/sale because of this. If you knew, and decided to inside trade, you would have cleaned out all the sell orders just to make it worthwhile.

Look at the 6 month graph and it shows no signs of insider trading.