One thing I can't help wondering...this block is almost certainly not shares bought over the open market. It would've taken a while to accumulate that much given how low volume normally is. So it's got to be shares acquired via acquisition like the deal Essex made for Wellness, as you suggested. In that case you could see where they would want out now now now.
Which means they are taking probably a big loss. And driving the price down is making that loss worse, in addition to not achieving the presumable goal.
This company is murky enough without adding weird stuff like this.
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