No one could be happier with the pps than me.
I just don't find any logical reason, or proof, that there is anything other than regular trading going on.
If we were to believe the "evil MM/NSS" theories, and I mean REALLY believe them, not one sane person would trade these small/micro stocks.
The MMs have customers just like every other entity involved in a trade. Sure, most of the people on Wall Street are probably douchebags, but they have a job as well as everyone else to try to facilitate liquidity when there is little.
Wild accusations of manipulation plague every single board I have read over the years, only to convince me that some people are either masochistic or just plain foolish. Yet, they always come back for more expecting a different result.
Heaven forbid a bankrupt company with no significant news not make everyone an instant millionaire.
I love the smell of shorting stocks in the morning!