According to a google search, VNDM is one of several market makers known for dilution. Since the A/S hasn't changed in quite a while, and the O/S is almost maxed out, my guess is that the dilution is coming from long-time convertible note holders who got stuck -- along with retail stuckholders -- when EGOH diluted the heck out of itself a couple years back (raising the A/S to 10B).
The diluters are still trying to wring blood out of this turnip of a stock, which is probably why the ASK is usually at least 300M, and that it always goes up when there is a little activity.
However, maybe some of them are so tired of holding, knowing that they too are stuck, that they are willing to bail at .00005 and even .00001. Maybe there are other reasons, but none of them can be good for the stock.
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