This happens every other week or two. It's cyclical. Flippers come in and buy in the subpenny, drive it up to about .013, sell, pocket a few hundred bucks, then scram. The volume on the stock is farcically low. 2M shares traded, mostly 50k share sells. FLIPPING. It may stay subpenny the rest of the week, then buyers will come in, drive pps back up, then and flip. Rinse/repeat. Don't believe me? Input "rinse/repeat $INMG" in a Twitter search...you'll see. I did this same thing to GI$L from .01-.02, back and forth for a few weeks.
I am down $70k today on this stock. Haven't, and won't, sell one share. But others must do what they need to do. Either longs or flippers will be there to buy the shares.
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