Once I see millions being traded below the bid, then I can ascertain what might be happening, if anything.
Even if the ticker has not traded in a year, which is not the case, just over a million shares is nothing but a blip if that. No matter where on the PPS scale.
Disclaimer: Everything I post is opinion and is not to be taken as investment advice. You make your own decisions based on your own judgement. Do your own DD = 'Due Diligence' = Your trade, Your responsibility.