OU's Trading Corner (OTC)/ Now CDN Stocks and US Blue Chips (sorta)

[H2NRG]

GM OU and All--I have a question (or 2)...
As you probably know, I have bought into PHXI, and am awaiting a possible runup with their barn66.com wagering on horse races going live at some point in the (near?) future. There has been quite a spread between Bid and Ask over the last few days. Occasionally, the Bid may come up close to the Ask, and occasionally, the Ask comes down close to the Bid. Historically, given your observations from other stocks with similar Bid/Ask spreads, what can you determine is happening? The concern I have about the Bid remaining so low is that the MMs know another MM will be coming along and start selling new shares. Or, by keeping the spread so wide, are they just trying to keep a run from happening prematurely? I'm trying to figure out the psychology and sociology of the MMs in this regard--any thoughts? See the delayed MM lineup below to get what I'm asking about. What is your read on this lineup?

Also note that volume has been light on this stock of late. TIA for your help.

Market Depth For Phoenix Interests Inc Delayed: Oct 29 8:45 AM EDT

MMD Bid Bid Size
GVRC 0.013 50
SCHB 0.013 50
HDSN 0.013 50
DOMS 0.012 50
HILL 0.012 50
NITE 0.012 50
TDCM 0.012 50
BAMM 0.012 50
SEAB 0.012 50
JEFF 0.011 50
PUGS 0.011 50
BWNC 0.010 50
CRWN 0.010 50
VFIN 0.010 50
FRAN 0.008 50
SACM 0.008 50
FRGP 0.001 50
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
MPCO 0.000 0

MMD Ask Ask Size
TDCM 0.017 50
HDSN 0.017 50
SCHB 0.020 50
FRAN 0.022 50
JEFF 0.024 50
GVRC 0.025 50
HILL 0.025 50
PUGS 0.025 50
VFIN 0.025 50
SEAB 0.025 50
NITE 0.028 50
DOMS 0.030 50
SACM 0.035 50
CRWN 0.050 50
BAMM 0.050 50
MPCO 0.400 50
FRGP 0.510 25
BWNC 2.000 5
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0