dribble, I have 2 problems with your conjecture - 1) To assume to even a small fraction of the people aware of info are investors is a bit aggressive IMO. Most people I know, and I have hundreds of clients as a CPA, do not invest in individual stocks, let alone penny stocks. Most are in mutual funds. We won't even touch on the subject of trading with insider info, which you are suggesting. 2) Even if the amount of people you assume are investors is true, why would these people have waited until today to invest. These deals have been done for weeks. To think they would have waited until now does not make sense.