the register is tightly held so can move lots on low volume. remember if even 1 share is traded that is the 'last price'.
I remember a good example of this where a listed company in usa went from 10 million to 500 billion $ company and it only had a single store front due to a very tightly held register after selling just 100 shares. (im being over the top with numbers but you get the idea)
Ann: Emyria Gets $2M Bids, Sets $3.1M Entitlement Offer, page-12
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