Something very odd indeed with the bid side.
Only a novice would pay $2.20 when there's clearly plenty of selling around.
Now why would the 'buyer' pay $2.20?
I believe what you see on the screen in terms of depth to the sell side is a just a mere fraction of what's really for sale.
FCNZ as the broker tasked with the buyback are keen to maintain the charade of an orderly market.
Nothing criminal about it. See the Direct broking thread. The selling is relentless. As soon as a sale order is filled the sellers come back and load more to the sell side. There's simply no end to it whereas in terms of buying depth, there has been an absolute paucity of interest for many months now. Better get used to it making new multi year lows on a regular basis mate. The trend is clearly not your friend with this one.
Do you think leaving just 60 shares on the bid at $2.20 is a bit contrived ? Hoping someone doesn't have access to depth information and bids $2.21 ?