Thanks Ken for this lesson on how the stock market works.
Now if you could only spend a few moments digging out some literature on how to not run your company(s) into the ground.
"If there is an abundance of stock, and if there is a perception in the marketplace, based on any number of factors, that the stock is a bad buy at the current offer, then the price will go down until there are investors in the market who collectively perceive it as a "good deal." When you buy stock on the market, your money does not go to the company. It goes to the market maker who sells you the stock, who makes money on the transaction, and eventually to the individual or entity who sold you the stock. That is how an over the counter market works, which is also the reason why the company cannot control the bid. Posting a bid for our own stock would be considered market manipulation."
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