If RLYP mgt wanted to secure a secondary at a higher price, this was a brilliant move. Overnight, they are able to cash in and sell shares on the open market for 60% above their Thursday close.
But, if there is indeed a buyer lurking, then that's awesome too. I"m hoping for a premium buyout price, however, if they do not get the price that is reasonable, with the recent spike in price, they should be well off in filling their coffer with some serious cash.
I think the company is working on a partnership agreement. This is likely why many analysts have a price target some 100-300% higher than the market price. The company has several options. Patience will pay off nicely. Let the MM's play with RLYP. It's in their hands now.