From my experience (limited) and observations a professional person or entity would never openly reveal that they were trying to buy that many shares in such a open way. An individual non professional might not be so concerned or aware. Makes me think this an individual rather than a professional ( if the numbers are correct). However, my broker told me if I wanted to accumulate or sell quietely there are ways to do so with the least disturbance to the market.... for a price! of course!

Still the number of shares when considered in terms of dollars value would be 50,000 shares at the bid or 50,000 shares at the ask, if the bid and ask are aprox. $1.00

That is eye opening to me. So is the idea that the standard 5,000 shares by 5,000 shares would make the price aprox $10.00 ( if using 500,000 shares at 10 cents a share) ?

The best question to me would be why would anybody want to buy so many shares???