A blessing in disguise. Lower the bid NOW before it executes. For those of you with bids .27 and below, hold strong. If you miss your opportunity, that's okay, take the next train, because there will be many more. And besides, these trains don't go very far.
Do not be fooled by the wash trades above .30. Upward manipulation by way of wash trades can only last so long before the support lines break one by one.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.