The people that are selling them are people who have bought up millions of .0001's before the Caveat rules went into place and they're selling them off. They can't buy them now but are still allowed to sell them. Well unless it's a broker or some foreign created app they're using that allows them to purchase caveat - non-reporting - likely bogus stocks, that many times end up taking all of their money . The real question is who is buying them if SEC rules and none of the brokerages are supposed to allow people to buy them? And how?
By the way, read the reviews on Google for most of those trading apps. People are always complaining that they can't contact the "owners" of those apps after they have gotten locked out of their accounts and end up losing their money.
By the time people enough people realize what's going on and start to leave bad reviews, the app ends up getting shut down like most of these Caveat stocks do. A lot of them are just out right scams. With a lot of them being ran out of foreign countries you can't get your money back most of the time.
You have to be really careful using any of those google apps unless they're E-Trade or a reputable company to buy stocks or you could very easily end up with nothing.
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