It really blows having those restrictions, and "average" volume also holds them back but not as bad as the "highest bid" rule, too bad they can't work on taking out the big asks. I think that says average volume for a month, thanks for the link.
In the meantime we should band together and pick a day to push thru, maybe on a big news day. I'm saving money back just to help with that push once we get moving, but my funds are limited...it takes teamwork. We have to all work together.
Of course I'm talking about the idiots (or not, depending on motive) with large amounts on the ask. These blocks take the heart out of buyers who would be more apt to slap the ask if there was more hope of pushing thru...and the company can't help, if that's what you're hoping for, big block sellers.
Smaller blocks will sell, larger blocks make people lose hope of moving to the next level, so they withdraw their bids, or they bid low...all because of the road blocks you guys are putting up.
One day we will push thru with a large surge of volume buying but it will be us retail buyers, not the company...it sure is aggravating to see this in the meantime.
I always said no more than 10% to 15% of the volume on the ask at any one level, but they could even go higher than that. Maybe even 20% of the vol or more but not double the volume that day, that will never sell.
If they broke it up into smaller blocks at various levels they would be selling many more shares, probably all of them. Maybe they think the company is at liberty to buy them out...you just showed that's not the case. I hope your info will help.
Thanks C
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