It was not a fake bid. Nite had a bid of 1 million at .033. Another customer of Nite is now bidding .0355 taking out the other bid at .033. If that bid is "hit", the 1 million at .033 should reappear.
I follow Level 2. Yesterday, when the stock looked like it was ready to move above 4 cents, GTSM came in and offered to sell some size and knocked the price down to .033.
For those interested, there are three MMs who control most of the action: ELTF, CDEL ,who is being sued for illegal shorting, and ETRF.