Friday, October 19, 2018 3:36:06 PM
I think a market maker wanted to sell into that bid and try to drive the price down and re-buy the shares at $.004. When they tried to do it someone kept buying everything they threw at it. The MM even put up an 8 Million share ask wall and that was taken out.
Obviously there are two sides to every trade. The interesting part is 46 Million shares were sold into a 26 Million share bid and the price then went up.
Someone gave those shares away. They did not have to sell at $.005. If it was a short those shares need to be bought back. Trying to buy them now would take up well over $.01 and if news hits who knows how high they will need to go to cover.
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