Mmm I think the consequences of one large seller emerging are...

Mmm I think the consequences of one large seller emerging are greater than the benefits of a big buyer right now Quanta.

Other big option holders could be dangerous also as maturity races closer. I could have got another 2 or 3 cents by converting and selling my stock. I didn't want the risk on the notional but if the options are gonna trade even further below underlying value, or, with no liquidity on the bid, other will have no option but to convert and sell the heads.

Perhaps most have only small option positions, given they've never traded much. Still, its for these reasons I think the company needs to front sooner rather than later with whatever info they have on progress and plans.