Who were selling stocks when the price was so low? Were they selling the stock all the way from $8 to $1.25? If KUTV buys shares from the market, it can easily push the price up to $3 using $1M cash if those people do not sell. Wiping them out might be a good idea to start the first step to restore the price to a reasonable value. My question is "is it legal to buy stocks at a price much higher than current market value?".