Ann: Quarterly Activities Report, page-363

Great article Toshi.
but i think the manipulation is done moreso by  some entity/entities, wanting the price down to accumulate as many as possible and then let the brakes off as they say to capitalise on a price spike.
Having said that, there was an interesting post regarding mitsubishi taking a substantial holding in xompany "x" .
I buy more into someone wanting to maximise short term gains as opposed to an international rape and pillage...
In any case. Theyd be dealing with NM ...who has substantial personal investment ro not let it go light amd is on record as saying he would have a problem letting any compa y gor less than issue price. So on that note 14 odd cents is the bar...i do t think there would be too many co.plaints with a takeover offer of that magnitude at this stage.
And love him, or hate him, NM maintains steo g control over all his entities to the best of my knowledge.
Nothings gonna be given away here.
i do like your premise that this activiry of stock price manipulation should incur strong penalties to those involved.  Some would say its business...maybe immoral... but ut is what it us and ANW has seen it before and continues to find a higher low resisance.