pfim
Player Valuation: £40m
He announced he was going to buy the outstanding shares of the public company at a premium, without actually doing so. They suspended trading of those shares because that is effectively market manipulation and inflating his the value of his own shareholding in Eagle.
If you give him the benefit of the doubt, he's a stark raving lunatic. If you think that something more nefarious is going on, he was trying to pump the value of his stock to perhaps lend against it or sell it.