The selling has been surprisingly controlled. I think the buyers here know that PNP is in trouble so why would they want to do Pinetree a favour by allowing them an easy out through a block trade.

I think the boys scooping up the shares in this range are taking advantage of their market selling to get the possible price out of Pinetree, knowing that the downward pressure will invite other sellers as well.

It isn't retailers scooping up the hundreds of thousands of shares being dumped in this range.