The big block trade pattern has been quite consistant for nearly 2 weeks and it's like someone (or group) has a deal to feed MM's shares to help correct the alleged short position they have. Sell orders come in well below the bid at the time. MM's walk the bid and ask down near or to the sell order, buy the block and walk the bid/ask back up. It's routine.
What we do know from a pr is that the insiders of old LFWK had more shares than the float.
The company probably doesn't want to be the poster child of a huge wall street scandal and neither do the MM's. The company also wants a positive float to dual list in UAE.. Going forward, the company needs the MM's and wall street in general on their side, so perhaps the insiders are selling the extra shares back so the MM's can cover their naked positions.
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