Interesting idea, I don't see the call volume being worth the few hundred thousand share buy. More likely a short seller covered a bit or a news leak. If it goes up over a dollar from maybe about 350k covered, how high will it go when most of them cover? I'd sell around $26 though.
Good catch. If they added $19.5 million in cash flow from ops, that would be a strong quarter, but not impossible. Could have been helped a bit by one time events. This also points to the company being done paying down debt for now. I suspected their debt obligations were preventing them from buying back many shares. But considering they could pay of most of their debt right now with cash and aren't, it seems likely this is no longer an issue. Still begs the question why are they holding all that cash. The lawsuit settled for 6.5 million, and 2.9 million in dividends. Are they looking at a big acquisition, or why not buyback shares?