very interesting indeed - they were buying each day starting at the beginning of January until this week - with their stake now above 5% they were forced to file the 13D today.
to be fair they're just averaging down on VELT here as their average buying price currently stands at $6.27 - even with all the relatively cheap shares acquired in January and February they're still under water big time - but obviously have faith the share price will come back over time. Would expect them to continue accumulating shares here as they have become even more aggressive after the analyst day went awry recently. This should put a nice floor on the shares for some time going forward.
bought 15k shares in afterhours on the news - not sure if the stock will move much on this under the radar announcement but actually MM will report numbers on Tuesday which should be quite good which could be another catalyst for VELT shares.