That's because they don't want to lose those shares. They want to suppress the share price and preserve as much of their position without giving away too much stock. If they were a genuine seller, they'd have let the order stand. Actually, anyone with that many shares would use a bot to gradually unload (i.e. not wanting to spook the market)
This is the downside of letting a large player with deep pockets get a position on the register.
Ann: Terms agreed for $153m Development Funding Package, page-57
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Mkt cap ! $515.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1296010 | 17.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 68215 | 3 |
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