12 to 22 gap indicates that the only bidders are mm's that want to trade. If they can buy at low-ball prices, they can easily adjust the ASK until they can sell at a profit. An example. MM NITE gets (on the BID) 100,000 shares at .0014. The current ASK is .0025. They (MM's like NITE, CDEL & CSTI) can wait a bit for any buyers at .0025 or incrementally lower the ask to .0016 if they want, to make whatever they can.
Been playing this game for over 30 years (even before online trading). I've had lunch and dinner with MM's (when I lived in Chicago)and learned a lot about what they do. If you think it is only flippers that will sell for minimal gains, it is more likely an MM, as they pay no trading commish. If they make $100 profit, on one issue for the day, it all adds up. NITE has so many positions on the OTC, you can see that even a $100 profit for the day on each is a considerable sum, at the end of the week/month.
Hope you are right. My gut tells me something will break soon here. One way or the other. I hate waiting almost more than losing. LOL!! Usually because you generally have to wait to find out you made a bad bet. Good Luck.
WE MUST ALL REALIZE THE DIFFERENCE BETWEEN HOPE & EXPECTAION BASED ON GIVEN FACTS.
