Yes. It is the MM's game: use this way to frustrate the buyer/seller then the MM get the cheapest shares. I witnessed too many such cases in the Pink Sheet world. Anyway now it is showing 0.001 x 0.004.
The ask is 0.01 now while the bid is 0.001. Huge spread. The MMs may try to frustrate both the buyers and the sellers in order to get the bottom shares because 0.001 is the 52-week low. I will call the desk to raise the bid to 0.0012 or higher.