Agree with you here - we do not see prices changes like this, or sudden large cross-trading without reason. What we need is a way to find out who these cross-traded securities ended up with.
Note in the company responses posted here that they state the in-vivo tests are already underway in India (first lot complete), along with a repeat order having been placed. One could surmise that the first lot has in fact been successful, and the the repeat order is to enable verification of these results through running the process again.
There is every chance I am wrong here, but this would explain the leak and subsequent SP manipulation. Cross-trades are only made to the big boys, meaning someone is interested otherwise if the news was that bad they would just dump the lot. With company management saying official data is a long way off, they could really be saying that 'those with real money already know, but you retail scum have to wait for the official announcment.'
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