You may not see the 211 for a while. It is up to the MM when he/she wants to file. But if you know how grey market works you couldn't trade so many shares at such speed without a "LEAD MM" making it happen. Every security has a lead MM who has the fiduciary responsibility to make sure he/she maintains the market meaning he will support at the bid if there is no retail buyer. If you look at the trades today it is clear it had a "lead MM" who maintained the $0.005 price for hours and didn't let it fall because he had the pulse of the market. There is no way it would be so smooth and maintain the pps for hours at 0.005 without a lead MM. There was not buys for long time in the afternoon and it still maintained the pps at $0.005. It would have crashed back to 0.001 without a "lead MM". No MM would come to support a gray market stock. It doesn't work that way. Every MM has so many securities that they are responsible for.
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