HT strikes again! Interesting Hypothesis HT... What leaky faucet filled you in on this and how soon did they want it posted?
What you are suggesting, if I read you correctly, is that a group of industry heavy weights (at least relative to Bioniche) doubled their position to 10%+ a week or so ago.
They had access to inside information, they made at least 2 offers for all or part of Bioniche, they were re buffed in light of better offers and they then doubled their position and became hostile to current management?
Hmm...Confidential infomation, former Biovail execs., offers/overtures, better offers elsewhere, an assault on current management and the BOD, a new BOD committee to unlock value etc. etc.
If I were GW, and my intent was to take over management and the board, I might throw a large iceberg sell in place, knowing full well that the anemic buying pressure would never break through. It would only serve to further anger, frustrate and PO current shareholders and cement their desire for change.
Who really knows HT?????? All this would seem very, very bullish under "normal" circumstances, but in no way do I feel that Bioniche has an obligation to explain, clarify or enlighten shareholders.
I am confident that there are a few more stunning, "right out of left filed" happenings on the horizon... But we should all be confident that we are in good hands and our best interest as shareholders are first and foremost in the minds of those in charge.