NSAV Holding Inc (NSAV)

[shotsky]

You all do realize that you can't possibly tell why an MM is involved in a stock? They have a spread, and change it at will. They have to live by their spread. Which MM is active is a matter of how many shareholders are selling or buying. If they get too many shares of one company, they can simply lower their bid so they don't acquire any more.
When a company's stock is sinking, like NSAV has been doing for weeks, it is simply a matter of more sellers, selling at market. If they sold at a limit, they could hold the price at a given point.
Most of the shares of NSAV are not people in ihub - we collectively own probably less than 10%. The rest is owned by the real whales. That 3B shares that were taken off the market a year ago are continuing to trickle into the market, with multi-thousand percent gains for them.
Oh, also, you can't tell much from L2. You don't see orders unless they are small. Larger orders show only tranches. A 10M share buy may show up as 20 or more tranches, depending on the quantity stated in every MM's spread. You would never guess what the original order was.