Personally I think the buyer stack doesn't really mean a lot.
If I were to buy, say, 50k heads, I certainly would not put that order on the market. The sellers are frightened when they see very weak bidding volume, and they will lower their offer prices, trying to out-sell other sellers. I only need to pick up at the price that I'm happy with.
This is exactly what is happening now.
In a word, the sellers are the only ones that are damaging the share price.
Cheers
MNM Price at posting:
0.0¢ Sentiment: None Disclosure: Held