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Thursday, February 12, 2015 12:10:07 PM
Looks like it wasn't even maybe a $500 dollar sell.
And the stock had been flat-lined, no trades for about the past 1 hour.
That's called "ill-liquid". That's how these MM's "do what they do" on a thin traded nano-cap like this one.
They just used a single $500 or so to whack 15% off this in a blink. It's hard to tell if the trades are even retail have the time- or just some trading desk trading both sides of the Bid and Ask IMO.
I don't think this has seen the last of the sub ONE CENT days by any stretch. It's just got no really buying pressure at all- and hasn't for a long time now. It's been in a sustained 9 month plus downtrend and no sign yet of even close to a reversal of that has happened yet.
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