Another way to cover shorts, maybe??...
Qualifier: I know nothing.
Rather than trying to cover 0.0001 naked shares at 0.0004+, maybe the market makers let the price run to 0.0012 and sold everything naked short from, say, 0.0007 and above. Here's a scenario: A share sold naked at 0.0008 and covered later (say, today) at 0.0005 grosses the mm 0.0003 which, in effect, leaves them with enough profit to cover a share that they shorted at 0.0001...if they cover the 0.0001 short at 0.0004, the m/m breaks even. Maybe this could explain some of the strange intraday and after hours activity? If this is remotely close to reality, then when their supply of naked shares sold above, say, 0.0008 run out, they would need to let it run again to reload, shorting anew, covering at a profit, then covering another .0001 short, rinse, repeat, and so on, etc.
In other words, again, maybe they're covering 0.0001 shorts with profit from continued shorting of the stock as they let it run 0.0012 and covered it back down to 0.0004 - I would imagine that they can do this until the O/S is known, and some way to value CMKX is known.
Last stupid: If there really is a large naked short on CMKX, and if the m/m's are forced to cover by chasing the pps, watch your other penny stocks carefully. I would expect the shorting of other bb's and pink stocks to increase proportionately, helping the m/m's to absorb the blow from the CMKX cover.
AI
