Financial Analysis, page-249

They don't have to be doing either on these volumes.

Neither accumulation nor offloading may be the goal. Just a lower share price. 

Net shares traded can be negligible.

Use the bots to suppress or lower SP.  Just keep breaking those new lows and the sellers will appear. Buy back only what is needed to cover sell BOTs. 

New lows remain. Used particularly well in the days closing auction.

How can the company remain quiet?  

Milesy