Last week I tried to place a very large bid just below the current bid, and the MM's "strangely" wouldn't bite - I say strangely as the volume was light, and typically the MM's will move in either direction to keep the flow moving, especially to pickup a large order.
Based on everything I've been seeing regarding the trading pattern the past couple of weeks, I strongly believe CSTI is a friendly MM - for some reason (CSTI) ALWAYS supported the bid each and every time the PPS dipped below .01 I'm thinking this isn't just a coincidence - not saying that this MM is "directly" working on behalf of BLPG/HYPUR, but certainly could be working "indirectly" through a third party.
I also believe that the split price is already priced in - this is the 6th trading day since the NV registration, and 4th trading day since the 8-K filing - if you look at the trading range and closing prices, one clearly sees a pattern of holding well above .01
Take a look at the chart on March 24th & 30th - this is EXACTLY the dates where CSTI was raising the bid aggressively.
News 
Market Data 
Discover 
