Reed,
My understanding is this...
EFGO trades on an unsolicited quote basis. Because of that, there are no market rules to protect the investor against MM abuse. The rule that protects the investor in this regard is called Pink Sheet Limit Order Protection (Manning). Google that term and you can read more about it.
Basically, right now, if you were to put in a limit buy for EFGO at .0006, and I put in a limit sell at .0006, the MM would fill the order from his own inventory, leaving your buy order unfilled.
Under Manning, the MM would HAVE to match your limit buy against my limit sell before drawing from his own inventory.
We do not enjoy that protection now, and it goes a long way to explain the downright outrageous trading pattern of this stock.
The new PinkSheet regulations kick in August 1, which include Manning protection, assuming we get "Pink Checkmark" status. We should see better execution of trades at that time.
Also, there is a sizeable portion of the investing public that will not trade in unsolicited stocks for the above reason. We will eventually have access to a much larger portion of the investing universe.
Anyway, that's my understanding. Others here may be able to expand in this topic.
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