Further to its notification of 7 May 2019, 7digital Group plc (AIM: 7DIG) is pleased to announce that a third party investor (the "Investor") has agreed to purchase both outstanding loan notes and entered into a standstill agreement with 7digital pursuant to which the Investor has agreed not to seek early redemption or conversion of the notes before 30 June 2019
I assume to get to 51% he needs to keep buying and that is why the price keeps rising at the moment. As the share get held tighter then the higher the price
This has the most potential of any share on the market at the moment. Its clear there are big buyers in the background for a takeover when they have gathered enough shares