Well perhaps they were lucky (perhaps there should be inverted...

Well perhaps they were lucky (perhaps there should be inverted commas here) or used their insto vision to buy around 10 cent max then flog upwards of 16 cents knowing that they would be issued shares in the 11 cent firesale then, having made 6 cents plus on the way up, out of deep gratitude to the Swarm of Wasps they are prepared to sell some (not all!) of the 11 cent munificence at up to a 3 cent discount (i.e. down to 8 cents).

This would put us in stunned mullet territory where (perhaps with a bit of help from a few "concerned" posters serving up FUD cake with faint praise and obfuscation topping) a bit of real or simulated panic, or stop losses come into play and a drop a little below 8 cents.

IMO be patient, this stock is a buy.