"No I can't tell more but he tell me you see the action since few days. He bought a lot recently in the 0.50 cents for him and his clients and add some more yesterday.

That's all I can say."

Your friend knows there is going to be a take out?....... insider info.... illegal

Your friend has heard talk about a take out? ........ rumour

Your friend believes there will be a take out?......... speculation

In any case all of the above at present are extremely unreliable and rather unlikely.