Several posters here said they picked up shares at .0002 because they had little chance of getting filled at .0001 because there is almost 1B shares on the bid at .0001. The selling at .00001 was minimal, also per several posters. I suspect the MM were trying to induce people to sell at .0001, but that strategy did not work well. Finally, some of the trades could have been wash trades. I posted the
level II information all week and if notice, even with the volume of, as you indicated, of 100M/day, the amount of shares available at .0001 and the amount available at .0002 was not really affected.
No one knows what is behind the curtain. The only thing for sure is that we at the bottom of the bottom and stuck in this purgatory bid/ask hell.
Lets hope news on Monday moves the needle.
