This is my point. No company would dilute BELOW the Bid price. That's just throwing away money. It would also occur at a faster rate. As we have seen, whenever large buys hit the tape the price moves back up the point where volume stops.
Not enough volume at the ask to dump there. All the previous pump attempts didn't work out... the debt "pay off" being the latest effort was only moderately successful.
Market Data 
Markets 
