In the past there was a pretty steady occurrence of someone dropping 20-40k shares as a market sell. Buying that many shares at market is great for shareholders and suicide for your cost basis right now. You basically need to limp into your position a little at a time.
With the way this has traded recently though.... Parking 50-100K on the bid at a reasonable price is likely to get filled. If someone put up a 100k "good til filled" order in 1.30's I'm pretty confident it would get filled given a couple days without any news.