I've been thinking about this too, you have 1 insto who has made...

I've been thinking about this too, you have 1 insto who has made the call to exit and don't appear to be concerned on time or cost. Hard to see where the support is coming from, most buyers are probably waiting for Ares to be done because they move the market so much when they dump. The other 2 major instos seems pretty static, happy to play long game and hold out. Dunno what free float is beyond these 3, 5-10% max?

So is the price being driven down to flush them out? How low can it go and how desperate do Ares get dumping? If they weren't so aggressive maybe the price hovers around 1-1.2c and they can dispose gradually.

Weird market.