I can understand some peoples reluctance to take their buy bids...

I can understand some peoples reluctance to take their buy bids up to 3.5 or 4c etc until they have the final flow rates. I can't understand people selling the stock back to 2.9c on this news. I could understand 30 million bidding at 3.1c and people pulling sells back to a level deemed acceptable but the selling down worries me. It seems to be a case of the better the news the harder the selling. If this is an attempt to crush the spirit of the excited holder they are succeeding well beyond themselves.