Conspiracy theory... I believe 100 million dollars in potential profit in the short run is reason enough. Think about it. The PPS would have flyed to $35-$40 from the $28 price before announcement. Days shortly after that could have announced the secondary and priced in around $30. However, they shocked everyone with they announcement and sent shares down 20% in oneday. Yes, I believe an investor is sitting on the sidelines who will purchase a substantial stake in this company. I believe it was already worked out and the plan is in motion. The investors only concern was his entry point and making a substantial ROI.