RE: RE: nowhere to go but upI believe the thinking is that once you clear out the overhang, it's off to the races. Maison clearly has a good number of shares to buy or they'd just pay the penny higher. They've probably got a million shares to buy. If that's the case, what does it benefit them to clear out 100k shares at 95 cents and take the lid off the stock? Then they've still got 900k shares to trade and it begins to run. I guess their rationale was that by keeping that if the iceberg remains there and they're not missing volume, they might as well just wait and see if they get hit at 94. They could've also had a firm 94 cent limit imposed by a client (but they did end up paying 95 so that's not the case).
Either way, it's fun to watch. A total powder keg!