I don't know anything about them, but maybe they felt they made their money and got into trouble with another investment and needed cash or wanted to do something else with their money. Who knows?
The main thing is the story hasn't changed and we've seen big buying from institutional on the tape in waves. It's not like that holder had inside information ahead of anybody else and were given a preferred route out at everybody elses expense, including the directors, the other T19, all the institutional investors that will still be in that the Chairman won't want to have bad mouthing him and then us.
Did you see my other comments linked back? I think deep down you are a good person (I love reading your commentary on the company and stock) and it's never a weak move to say "hey I was feeling a bit hot under the collar when I wrote that and I might have otherwise put it differently".
Do we have numbers on what their holdings are now compared to what they previously held prior to selling? I read on X that the change in substantial ownership was more due to dilution than selling but I honestly don't know the details to make an educated guess