Maybe the SB management has found out that there would be no hope to get a RS vote, so they just bought on the market as much as possible at these low price before any major news hit?
Then why didn't you ask during the conference call?!! You knew the managements are crooks, but it'll be your own fault not to point out their redicules publicly!
It is obvious that the bid put a stop on the valuation of this company! Today's S&P Capital IQ's Hold rating (with a price target of $10) clearly indicates this.
how good their data are, and on which scientific meeting they have presented or are going to present their research or data, but never even a slim try to look for partnership, let alone a sale, because those will not benefit them too much financially, and even make them loose their long term fat salary.
1) Low ownership of the company by the management; and because of these
2) The management is just treating the company as a research institute, not as a public company whose 1st priority should be the investor's interest. The only reason they stay public is to lure investors' money to fulfill their own research interest and keep their big salary going.