I think you are right. IMO, out of today's 3.8 M share traded,...

I think you are right. IMO, out of today's 3.8 M share traded, most are from Pangaea which were traded mostly in 16C. They deliberately bought some at 16.5C and then dumped big chunks at 16C. I think, as those 20 M which they bought at around 5C (or nearby/ not fully sure the exact negotiated price though). Once the rest 40M shares are released on 8th October which were bought at 20C, if they want to dump the rest 40M and want to get out fully, they might set a price now around 20C in next few days. In the worst case scenario, they can completely get out with rest of announcements and we will be fine from there on. I hope, Pangaea will remain loyal shareholder as they re-iterated over various ANNs.