Let me get this straight. If nobody is buying this stock, as evidenced by volume. It has no place to go but down. The MMs are executing trades between the bid and ask. Nite will give you x amount at a given time, what their quote is. If there are few orders at a certain price its only logical that they will lower their bid. If weak hands sell into them its their fault. There are still millions of shares acquired sub penny and these folks are slowly bleeding them in. Hence the decline nothing else.