I, like most here, am trying to wrap my brain around what is going on. I don't have L2 right now, so I'm going on what has been stated. The ask has ~16 million at .0005. That is $8000. That really doesn't sound like a lot of money if someone is dumping or dilution is happening. Not sure what that means. Also, there have only been buys at .0005 all morning. Almost 7.6 million shares have traded hands this morning. That's 0.01% of the O/S.
Like I said, I'm not sure what is going on but I'm trying to put it into some sort of perspective.
Just thought I'd throw that out for people to chew on.