So what's the case with the seller? If it was a Director...

So what's the case with the seller? If it was a Director selling, we would know about it by now. Clearly the entity (whoever it is) has a motza of shares at their disposal and are outselling retails' ability to soak them up. So either they:
(a) Have a large debt/beach house/superyacht they need to fund;
(b) Think they know something that the BOD/CEO/ASX announcements doesn't know, and are off-loading big time due to their perceived risk; or
(c) Have a war-chest and have given a broker instructions to drive the SP lower so that helps a TO or something similar.

I'd give likelihood of (a) at 5%, (b) at 0%, and (c) 95%.

Any other thoughts?