re: who dumped the big load of etc? that would be my guess. They excersized 22.5mill at 1c and 12.5mill at 1.5c at a cost of $412k. $120k just raised with that sale. Don't see why anyone else would dump at 1.2c rather than feed it in at 1.3 or 1.4 over last few weeks as would have probably been picked up. Probably hedging their bets with the announcement.
ETC
entertainment media & telecoms corporation limited