It's interesting how MM's work. I am not quite sure
I understand the rationale.
I have a bid in for $ .0006, but the posted bid is
$ .0005 x $ .0007.
Now, if I am offering a higher bid, shouldn't the
bid on the screen reflect that ?
It looks as though the MM wants someone to sell at
$ .0005, so he can flip it to me at $ .0006....
a 20 % profit to the MM.
If I bid $ .0006, shouldn't the stock go to me,
and not the MM at $ .0005 ?
What kind of crooked deal is that ?