I've even seen a 4:1 ratio of bid to ask... Say 180k Bidding and 40k on the ask and then the bids fall away without filling and stock drops it's customary nickel.
Still think if they didn't almost double the amount of shares 1 day after FDA approval, we would be in the $5-10 range and they would only had to dilute 1/2 as much.
I will never, NEVER understand Management that does this. They UNDERVALUE their own company with dilution (this time 40% UNDER) where the stock price as at the time.
Truly Frustrating... especially when the CEO stated in a conference call that revenues could be up to 1 BILLION $'s a year.