Not sure I agree completely. The MM's can buy or sell shares regardless of whether they have them in inventory although they have to eventually balance their book. It is possible that the shares were sold by many or several smaller share holders and bought by a single party. Or course, it could be as you imply that these shares traded hands between two large holders. I'm of the opinion that the shares are being held in check to allow accumulation by favored insiders. Using the company's numbers LGDI could earn $8 per share in a year or two. Even at half of that we would be in the twenties given a PE of five. Please correct my estimates if I am wrong.