Its probably too tightly assembled.. try to force the movement (but gently..) with hand. Normally the springs should provide the force necessary for the mechanism (very simple, btw) to move.
interesting. I wonder why its so far out then. Or, maybe I just don't know how to use it properly. It's not like it came with detailed instructions. It assumes you're using it on a gun!
I had the same issues. You need to make sure you loosen both locking bolts before turning the adjusting the bolts. The locking bolt for vertical adjustment is on the left side and uses the smaller of the 2 allen keys that comes with the finder.
I wondered what the small allen key was for. I thought the locking bolt was a different one to the actual one, because I thought it was on the right side not the left.