Recommendation, page-1041

"Why would some be selling at 7c or around these prices ??"
I would have thought you could figure that one out on your own.
There was a cr at 7c with free options. There are always a portion of the cr participants looking for shorter term gains. A few may have been trapped when the sp fell below 7c and took the opportunity to sell now that it's back up there. They are on a good profit with the options at 3c.
You also get traders that could be selling after buying in the low 5's.
Some investors are long term, some trade short term. I've often traded more liquid stocks over minutes. I still day trade more liquid stocks. I hold LTP long term but also day trade it despite expecting longer term gains.
I expect you know why some would be selling but no doubt you are trying to put your usual negative spin on it.
"Good luck with your 3.2c options"
I don't need luck for the options or the shares. Just time - and probably not much more time at all now.