Ann: Daily share buy-back notice - Appendix 3E, page-9

You can see buyers know and expect more moronic selling, hence the lowball bid @ 3.5c

No surprise some lemming will need cash at some stage and probably take it

7 pip spread from bid and offer, a move of 20%+

If sellers stopped moving the price such huge swings on marginal volume to exit their pocket money positions it may actually build support and move