For heaven sakes people learn how the market works.
How many have asked for or seen a level 2 screen shot?
Even when a stock is trading normally there is a range between the MM with the lowest ask and the MM with the highest ask. Go and look at any other normally trading stock, go ahead.
There are always those MMs in the trenches competing at the lowest level trying to get the trades of the investors, BUT there are always a few MMs who are not currently active but who have a published ask price. Sometimes it is waaaay out of the trading range. It is that way because that MM is not interested in trading at the current market price and is staying out of the way.
Go ahead and check it out. There will be a range of MMs on both the bid and the ask. The Highest ask and the lowest bid over that range will, in most cases be way outside the current range. Those people are registered MMs who do not want to be either buying or selling at that range, but they are still registered on the stock.
This situation crops up when NO ONE wants to trade the stock, but those wildly out of range 'ask' prices are the only people left on the board.
It is NOT a good omen, it means that all of the active traders have left.
