wingman4,
As a full time trader that watches Level 2 throughout the day, I honestly believe that your chance of getting 50M shares - or indeed many at all - at .0001 is pretty much zero unless there is another large convertible debt sell into the .0001s.
Anyone who hasn't already sold for a loss at .0001 is unlikely to now.
As regards people buying at .0002, clearly that is already the only option for longs seeking to average down who want to buy a significant amount if they don't want to put all their eggs in one basking hoping for .0001s. Otherwise, a few 15M slaps when they aren't paying attention on "the day" when even just a few people decide their bid won't get filled, and they will have to pay .0003.
For some time, the ask at .0002 has been in the 40M>100M range. Only about 50% of these appear to be in GTCs. You can see every day that people who really need to hold .0001s for higher to leverage down their average don't immediately put them up for sale as day trades. The figure often goes from next to nothing to 38M>48M shortly after the open - and then only up to 78M>84M>100M+ a few minutes later. Those putting the day trades up later are waiting to see if a few take 10M/15M/25M out of the 40M-ish at .0002 - on the day that happens they will hold to sell higher.
Every day, a few more people decide to take a few .0002s - 10M today for instance.
I'm working on a more detailed analysis to post for everyone on my opinion regarding .0001 x .0002.
Hope that helps - good luck.
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