Roxas and Company [RCI 0.88, up 49.1%] [link] saw its shares shoot up 49% in yesterday’s trading session, prompting an inquiry from the Capital Markets Integrity Corp. (the market watchdog) for an explanation. RCI responded that it has “no knowledge or information that may account for the unusual movement of its stock price”. However, there was significant speculation in several online forums on the potential use cases for the 1,619 hectares of land that the Department of Agrarian Reform recently confirmed to belong to RCI. The speculation centered around the possibility that Manny Pangilinan, through his control of Metro Pacific Investments and SP New Energy [SPNEC 1.08 unch], could leverage MPI’s connections with RCI to use its voluminous land holdings as potential sites for future solar farms under the SPNEC banner. None of the companies involved have made any statements (that I could find) in support of the speculation’s thesis, but the pump happened anyway.