I did say that...as that is the 'typical' playbook.
But, the subsequent selloff from their own raise...going sub $1 causing other "institutions" to have to sell, etc de-railed that train.
Then, the r/s made the possibilities of a run-up to cash in candy virtually impossible given the strike price was moved so high. So, they turn to just sell their position they hold to get whatever money back out they can.
Again, this is just a theory, not fact. BUT, there is little else to justify the selling...there has never been enough interest in ZIVO for anyone else to have a sizeable enough position to sell this much.