Institutional purchaseit is a step process step 1) inst. purchase 2) coverage 3) create new base and more liquidity in the stock
Then it would entail that at the present low volumes (a) institutions can ONLY buy in blocks if they want in larger quantities and (b) they will buy only at a reasonable market price. If they can't buy their loot under fair value through the market, they will want in through existing holders of warrants or shares, or will rush in the market as the price meets selling resistance 45-60, assuming continued double digit growth is in the cards.
A fund manager , i.e. the managing partners at Crown Capital Investment Partners (yup, offshoot of Crown Life Insurance), recapitalized the company for future growth. They ain't there to loose money and they ain't doing it without looking at the books and orders. Now grant you, the terms of the deal arew not known, and we all know how vultures handle those who sell their soul to the devil. Hopefully Crown is niether a devil and mgmt didn't sell their soul to recapitalize. Crown is subordinate and likely has second lien. Little buffer but little comfort.