$China XD Plastics(CXDC)$ Hard to explain cxdc's share price recovery. Is it possible someone is competing with the insiders to steal the company? China XD is being taken over for very low valuation. If someone with deep enough pockets can figure out how to "beat" the insiders, things could get interesting. How else to explain the increased share price? If my theory is correct, the buyer will real themselves when the acquirer obtains more than 5% of CXDC's shares. The acquirer has 10 days to disclose from the time they have obtained more than 5% of CXDC's shares. Even if the acquirer doesn't have all the votes, CXDC wouldn't be allowed to steal the company if the acquirer is offering $10 or $20/share for the Company.
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