Remember, toxic lender can buy as many shares as he likes from the company at $.0045 now, and who knows if they've issued more toxic notes since that $250k one.
This has been going on for weeks, so it's not as if all of the shares are being dumped at this price. Seriously, how many share can a $250K note account for? That's why I'm of the belief that this is a combination of shorting and conversions.