If I were a swing trader I'd have been using the Ironridge deal as my "perfect cover" hiding my actions.
While I was able to sit heavy on the ASK, I'd be listening to all the chickadees chirping away about how the bad guys (Ironridge) were the cause of this. The whole time watching the shares drop into my lap w/my large amount sitting on the BID.
Call it psychology; intuition; whatever, it all amounts to the same result. Getting the weak hands to sell me their shares.