Do you have proof of this? recent broker data says its contrary...

Do you have proof of this? recent broker data says its contrary to you're opinion and the selling is coming from retail traders or investors.

Also it is a requirement to lodge and updated 3B if options are converted to shares which could then be sold on market.

Something that has not happened.

Sounds like you are talking nonsense, and that your information is unsubstantiated ?

See you next time when you have some facts.