They want to hold it back for as long as possible. This way they...

They want to hold it back for as long as possible. This way they don't have to fund the $$ for too long (ie; more than a day or two) to get the $ hit on the ann.

Why buy at .54 today and wait 10 days for ann making no profit while you wait when you can have a sell order sit there and restrict the sp movement for 10days (at no cost) just to buy up the day before the ann and get your 20% overnight??

These guys are trading a few hundred grand on one ann, that's alot of coin that can be played elsewhere until the ann comes and still maximise your profit.

They still hold a bulk lot of shares to manipulate with, but the last few times even the 500/700k orders have been chomped out one line at a time before a good ann, leaving them (traders) high and dry.

A few cents makes a BIG diff...