eliaman- SLJB is not really a pinksheet stock. It is what is known as a Grey Market Stock. A pinksheet stock has at least one MM with a 15-C2-11 filed which allows MM's to not only trade for their own account, but also "work" orders to make a "spread", similar to the BB. I must admit that one of the reasons I was suspect of this issue was that they did the reverse takover into a Grey Market issue rather than a Pink Sheet issue. Getting a Grey Market issue up to full reporting and listed status is more difficult and costly than a Pink Sheet issue.
I guess the original Loftworks CEO was quite a salesman to snooker Sulja into picking Loftworks to merge with. You can always tell a Grey Market stock when looking at the Pinksheet website if you see the word, "unsolicited", and or "non-piggyback qualified" BTW, when Healthsouth (HLSH) got delisted and on to the Pinks, it became a Grey Market issue, not a pink. Just like Host America (CAFE). I only bring this out to show that there are very legitimate companies trading in the Grey Market.
In a Grey market stock, the stock is "Non-Piggyback" qualified and all trades are suppose to be for unsolicited orders only. I say suppose, because it appears to me that many of your MM are violating the NASDAQ rule in trading this stock. Here is a section of the NASD manual that I believe the MM's here are violating, along with a link to the whole section of the Manual.
"One such exception to the rule is the "Unsolicited Customer Order" exception. To avail itself of this exception to SEC Rule 15c2-11, a member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest. The staff continues to find instances in which member firms, in reliance on this exception, improperly publish, or submit for publication, quotations on the behalf of a broker and/or dealer. Such violations may be addressed through the imposition of disciplinary action."
But to answer you question directly. That MM that is probably playing by the rules. He has an unsolicited bid but no offer in hand so he is really only suppose to post what he has in hand.
That 1 or 100 is suppose to be the minium "size" that the MM is willing to guarantee a trade at if he is on the bid or offer. It really doesn't mean anything, but in the Grey market, an honest MM, playing by the rules really should post the exact size of the order he is working.
Don't confuse that number on Pinks or Greys with the respective number on BB or NASDAQ stock. In the pinks or greys that is the actual number, on the BB or NASDAQ, you add two zeros. Ie. 100 is 100 on the pinks etc. it is 1,000 on the BB or nasdaq.
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