I agree with you. Management are 'making the market' by...

I agree with you. Management are 'making the market' by continually placing huge buy orders each pip below the market price. There is now a 20 million and two x 10 million bids at 1.1 cents.

My concern is this: What are these actions doing to the reputation of the Company?

To me (and from a few other posters such as @Chillicop) by continually placing bids at lower prices, it is telling the market that management don't even think that the Company is worth the current asking price! Is that why we are not seeing any buys but rather just sells into the bids?

The following is from a Federal Court case of Cassimatis v ASIC:
Justice Edelman: ‘the interests of the corporation include the interests of the shareholders’. Courts have also noted that a company’s interests extend beyond the company itself to its shareholders and creditors, and involves the avoidance of harm to the overall reputation of the company and shareholders, as well as compliance with the law'.