If he confirms that he put his order in at .04, what we saw was a smart market maker recognizing that it wasn't possible to fill the whole order based on the stock available at .04, and bidding .039 to induce someone else to sell the MM the shares to sell to the buyer. That's the way things used to work before individuals' orders could be directly reflected in Level II, which began only a few years ago for the OTCBB and Pinks.
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