I think of manipulation to hold the pps down, possibly so that big players can buy in cheap before the news hits the wires. That fits with the current speculation. Who is sitting on the bid so heavily? I don't have level 2 right now.
I thought that dilution was more likely to occur when the pps was rising...selling into the run, like they say. The hypothetical co. drops some outstanding news, waits for the run, and starts dumping the new shares into the market as the price rises. (SWVC last September, for example.)
Market Data 
Markets 
AI
