Hi T7 - appreciate your in depth analysis (as always) however, with respect to your quote....
"For example, they provide an explanation for an apparently contradictory ‘Sell; Held’ disclosure"....
I don't necessarily agree that "Sell/Held" is contradictory at all. I would agree if it were "Sell/Hold" however.
"Sell/Held" is a sentiment that suggests the holder has had a gutsful over a meaningful period of time and is waiting for the (apparently) eventual turnaround where the SP hopefully gets somewhere near that holder's entry price.
When that time is here - you will see the more positive disclosure of "Buy" appear.
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