He may be 'down $600K' at the moment but that doesn't really apply when you're talking $7M worth of shares. He couldn't have just bought $7M worth at 5.3 or 5.4c today, and neither could he have sold that many without crashing the price well under 5c. He was obviously happy to pay the full 5.9c in order to get the volume he wanted without having to pay more (which he would have if he wanted to but that many today, which I'd guess will be the low). I'd say he knows what he's doing.
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