Since we're talking hypotheticals - could be waiting for the upcoming 200s add to offload MP1 or AVH style, or just waiting for the stock to digest SP300 and upcoming MSCI add before scaring the market - liq was simply not there yet to unload.
In any case, that's a point AGAINST mistrust
ISX Price at posting:
$1.07 Sentiment: Sell Disclosure: Held