I cannot work out teh discount in the oppies. Eg yesterday while...

I cannot work out teh discount in the oppies. Eg yesterday while the heads were trading at 20c, someone dumped 300k worth of oppies at 8c - this is nutty stuff. But good luck to whoever picked it up. Similar trades appeared throughout the day.

Was it a lame attempt to halt the heads?
Was it a lack of confidence in the rise?
Is it someone who needs the control/voting power who is switching from oppies to heads?
Or is it simply smokes and mirrors - going from one account to another?

In any case, teh aquenox offer cannot be too far away and insiders are getting set.