Mr. Smart MoneyWhoever bought 2.5 million shares at 2.5 cents spent just $62,500. That amount of money doesn't get Smart Money out of bed. The trade was done at the offer, which suggests it was a greed-motivated buyer, rather than a fear-motivated seller, who would sell at the bid. It was done in a couple of blocks, which suggests Smart Money was in a hurry.
As Smart Money outguns Dumb Money, expect more block trades. Smart Money is successful by reading the available material, every single word, and thinking about what they read, and about what they see in the stores and in the industry. Smart Money, having already been successful, has more firepower than Dumb Money, which loses. Smart Money doesn't need inside tips or manipulation, it just needs Dumb Money to look at the share price of the company and say, "What a joke". Smart Money with sharp pencils calculates the value of a share, then compares it to the share price. If the value is far in excess of the price, Smart Money buys. A lot. In a hurry.
My guess is that we're seeing smart money come in. And the small total dollars invested suggests there's going to be more heavy volume days to come.
I wonder what the share price would be if smart money wanted to invest $1 million in open market purchases, in a hurry? At 2.5 cents, for example, $1 million would buy 40 million shares.