87, The 'MMs trading amongst themselves' does not hold water for me for two reasons. First, the AH always seems to be at a 5% discount to the average daily buys. Second, it happens almost every single day for weeks on end. Can anyone show me another stock where the MMs are doing this to 'make a market'?
There is another scenario that is even more scary... The company has taken PIPE financing and is now being shorted in to the ground.