I'd very much doubt that it was dump from the Cygnet placement....

I'd very much doubt that it was dump from the Cygnet placement. They don't target 10% gains on stocks like these.
They look for massive multi-baggers.... and besides I doubt that they would be looking to take any profit until the options were in the money.

I'd say that the sell came from either someone who bought a while ago at much lower levels. Maybe at 0.25cents hence sitting on a large profit. Seeing the run of late looked to have ended for now they took profit.

The thing is I think that they sold into some props. LOL. Now the props are full of shares that they don't want (or can't afford) so now have to sell into 1.1.

Dumb props really. If the buys at 1.2 weren't built up so much I might have joined them had an order at 1.2, but I didn't think that I would get it so didn't bother.

Now instead I got to buy them at 1.1 cents.

At 1.1 cents it is a mere 10% premium to Cygnet's placement and I don't think that Cygnet will let it fall below 1.0 cent.