Is this the prelude to a buyout?Call me a conspiracy theorist, but I feel like sometimes for greatly undervalued companies, it slips out from someone that company X is in talks to be acquired by company Y, it also slips that management would refuse to entertain an offer below $XXX million. Frenzied trading pushes the price closer to that value so that when the buyout is announced, it doesn't look so eye-watering to the shareholders of the acquiring company... i.e. we acquired Oncolytics at a 87% premium to the latest share price (rather than "we paid 10x the share price to acquire Oncolytics")
Many on this board have long believed in ONC's potential to change the cancer landscape, but this trading lately feels like something more than traders finally 'getting religion' on ONC's long term potential!