Buildablock Corp (BABL)

[nsomniyak]

It is a Monday at the open. That was almost certainly a forced sale to meet a margin call. In that case brokers are not required to "market" the order - they just sell at whatever their INTERNAL bid is. They start from the lowest-tier stocks in the customer's portfolio (i.e. otc) and liquidate until the margin requirement is met.

This happens a lot on Mondays. That is why you see otc stocks occasionally open way below the L2 bid on Mondays - they are the first to be liquidated.

There is nothing suspicious about this to me.