I am by no means educated in the stock market, but when I see something like this the first thing that comes to my mind is the owner purposely derails the compa

I am by no means educated in the stock market, but when I see something like this the first thing that comes to my mind is the owner purposely derails the company to drop the stock low enough for a massive buy back? if that makes sense. I suppose like exploiting the system to regain private ownership? or not.