Internet, You are correct. It was on the bid at 1.23 and there was about 400 on the ask at 1.24 and another 11,000 on the ask above it at 1.25.
When I saw that large of a bid, I considered leapfrogging it and taking out the shares at 1.25, but at that point it would of been the high of the day and I figured with my luck it would then drop back to the teens.