All of this activity with the share price and the creatures they've sent here is suggestive of trying every possible means of escaping from the trap.
I can only guess that we're looking at Shorts selling to other Shorts. No shareholder is selling this close to the Phase III results unless he has absolutely no alternative.
And in dropping the price as far as they have over the last week or two they've had to sell a considerable number of shares to retail buyers. Bet they don't see those again before the Phase III results are out.