Good morning, Gustavo,
I believe you've offered a great question, and I'll give my answer to it - but please keep in mind that I'm no expert in penny stocks, just an old CFO (and a nonprofit organization CFO at that) who follows VHUB just because it's an interesting situation in a number of ways.
As I looked at the bid and ask this morning, I found the numbers to be .0039 and .0065. It seems to me that the market-makers would be thrilled to have such a high spread; that .0026 spread is two-thirds of the bid price. What I think it all means is that if somebody wants to unload in a hurry, they'll get clobbered, and if someone wants to buy right away, they'll pay through the nose. And so what happens is that right after somebody unloads low, there's somebody who jumps right in - and buys high.
Also, and in a more sinister line of thought, there seems to have been a lot of "painting" going on in this stock over the two-plus years that I've followed it. ...and right now there is a lot of motivation to paint, actually in both extremes. If Typenex believes that the company will run the profitable fourth fiscal quarter that at least I think it may run, then they wouldn't mind in the least if the stock goes down in the short run so that they might "toxically convert" and have more shares ready to spring upward this autumn. If the Winthers would like to retain control of the company in the midst of conversion, then they could have somebody buy a hundred shares at the end of the day at the ask-price, as the conversion formula involves average closing prices for a number of days.
Anyway, that's my attempt to give you an honest response this morning. Some of the real experts on this board (one tentative measure of an expert is to see if a poster moderates any boards on this website) will likely give a better answer.
Have a good day, Sir!
