The 94M ask at .0003 and the 5M bid at .0002 are real Level 2 quotes, but in the OTC world that doesn’t mean they’re locked in. Market makers and noteholders often put up walls to control trading, then pull or reload them depending on what they want. What really matters is the time and sales—if trades start going through the wall and it holds, that’s legitimate buying pressure. If the wall just keeps refreshing, it’s likely dilution or games. So yes, the numbers are accurate in the moment, but they don’t always reflect true supply and demand.
The reason you’ll often see something like 5M on the bid side and 93M on the ask is because in OTC, especially at trips, the ask is where noteholders or market makers stack shares to control price direction. They want to unload into buying, so the ask side looks bloated. The bid side is thinner because retail buyers usually don’t sit stacked at one level—they nibble, chase, or wait. So you get these lopsided books that don’t really reflect all interest, just what’s visible. The imbalance doesn’t mean the stock can’t move; it just shows where dilution or games are being played. If real demand hits, the wall can vanish fast.