What's to ask? assuming that the institutional seller was the...

What's to ask? assuming that the institutional seller was the underwriter then they are selling to realize their gains from the capital raising and not to manipulate the price. There is nothing illegal or against ASX rules to do that and I'm sure if they could sell without moving the price they would prefer that even more. It might seem unreasonable to us when we see value there but underwriters are not typically in the business of falling in love with an asset they only bought to get a deep discount. They take the money off the table when they can and move it onto the next deal.