We've seen that type of activity before. I distinctly remember...

We've seen that type of activity before. I distinctly remember just before Christmas in 2011, it was a 2m order at 6.0c.

You do it to keep the price under that level so you can accumulate. It's a way to average down.

Put a 1m sell at 7.3c, price stays below it. Use that time to accumulate another 1m shares at 5-7c, then let the order at 7.3c get hit. So technically, the sell may not be a straight prop sell, because like the 2m order in Dec 2011, it stayed in the queue and was taken out.

But it's a way in which you can average down, particularly when you are trying to average down on 1m+ quantities.

Just IMO.

On the disclosure of the ILUA registration, I dare say Ian doesn't consider it sensitive enough information to report. Once ATP718 is granted however, that may change.