because they are trying to buy 150 million shares and there are at most 25 million shares in the float. the company has said this is only 10 million shares in the market. the form 4's show big private blocks have sold for $0.62. If a third-party company wants to convince the company to advise its shareholders to sell then they have to pay a fair price for the company, regardless of how its penny stock price trades. not to be cot, but try to buy 1 million shares of this stock and you will drive the price to $2.00. It's just not possible to get that much of it. Look at the chart from 2016. It took less than 700,000 shares of real buying to drive it up over $3.00
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