Four days of heavy tradingNo insider reports yet on sedar. This could also be a US hedge fund buying. Goldentree member just resigned from postmedia board and their restructure is just around the corner. Debt due in 2017 can not be paid so they will have to sell close papers. By building position they hope to influence but not sure if they can get too far with non voting shares. Prem Watsa has employed this tactic many times. Buy some of buying company to make deal happen. Recent example leons and brick or Cara transaction. This is the year for transaction as postmedia cannot continue in current form so dealing will be happening. Even at $2 a share less cash of about a dollar a share produces a valuation of $1 or $80 million since there are 80 million shares outstanding. If this trading is US hedge fund moving in they are so big they can buy whole float in one day but they are biding their time. 5 families unlikely to do anything though but who knows. They did sell harlequin after 40 years so things change. For Vaughan property I am not up to date on what is going on there. Of course if you can turn this zoning to condos the sky is the limit in terms of valuation. For industrial use will be constrained. I still have not figured out how they spent 400 million when they built 700k sq ft so I am thinking value much higher than what most have quoted so far. There is no rush to sell. Postmedia are the guys with a gun to their head not torstar. 1 yonge redevelopment I believe has already been approved but they do not own that building. They do own other six printing plants though with metromedia and I think 3 plants with the Chinese paper where they are 50 percent owners. More printing outsourcing and selling print plants to do if they want to. This stock is really stupid cheap as Zechner says no matter how you slice it. Buyer last four days though is not a retail buyer. It's one of the big guns. Have seen this type of trading before in other stocks I have been involved in such as sears canada. Heavy volumes for period of time than transaction gets announced.