The lead MM of this stock seems to have a bone to pick with the company. The lead MM's job is to set the mood and lead the pps in the direction, it is tending to go.
If there is dumping of shares due to dilution, the M can't aborb so many shares, so he just gives temporary support.
But in a case such as this, where there is no diltion, the MM can actually lead. For whatever, reason, whenever the stcok moves up, the lead MM brings it down.
Yesterday, it closed with a big green. The natural thing to do is, to open it higher. BUt the MM not only opened it a lot lower but also executed a small trade pre-market at lot lower to push any potential investor away. If you notice carefully, the MM does that all the time with this stock.
Not sure why he is so pissed with the CEO of the company.
Experience is the most powerful tool in the world !
