If someone wanted to exit then you wouldn't put a single buy order of that size into the market and leave it there with the next seller at 46.5c for a few days. The risk is you don't get to sell many above 46c (and judging by the volumes that was the case) and you risk winding up with 500k more shares you can't sell. Just not very plausible.
Could be a mind game, but again a bit of a gamble putting a quarter of a million out there when it would be safer to stack the buy side and at least have a chance to move out of the way if someone starts to really dump.
Wish i had a quarter of a million to flick around on a whim.
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