Ann: Norwood Wins Enhanced Software Development Contract, page-205

So those safely stacked sells at 2.4-5 are there to cap the price, then there is a very thin sell side because the big guys want to let it run now.

Yep, in fairy conspiracy land that makes sense.

Alternative hypothesis, those were genuine sellers and their stack was traded.

Ramp crew absolutely wetting themselves over a few million in trades today. News flash, for any decent company having shares trading regularly through the day is normal. The fact you're so excited over what happens across the board in 1500+ other companies on the ASX daily goes to show just how sad Norwood is.

Up 65% then down 10% with just over 1% of shares changing hands in a week is classic illiquidity.