one way they control price is buy placing dummy sell orders in the sell side. although there have been a few 1mil parcel sells that have gone through there have also been many that have been pulled, moved around on a daily basis.
also the 2 million cross trade this morning. this is a trade by the same broker supposedly between two different clients that he both deals with. they can be two different entities controlled by the same person. thus if they traded 2 million between themselves today at 24c which was yesterdays low they automatically look like someones is dumping a large parcel and perhaps others will be tricked into selling. it also automatically sets the vwap for the mornings trades.
could all be for other more legitimate reasons of course. only time will tell.
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
