I just bought a bunch more.... mid next month this will be at 5 cents easy.... at least my own DD tells me that.... things look to be rocking in China.... I mean Rocking.....
What you see on L2 is not always, shall we say a REAL look into the market. MM's purposely post shares available on the bid or ask in strategical numbers trying to create an illusion rather than an insight. They'll give it the appearance of far to many sellers or far to many buyers to guide it as they wish. IF someone were to take out EVERY 3 that was posted on L2, like magic more would appear immediately. They are playing the game. MM's CAN trade out past 4 digits to match BUYS and SELLS unlike us regular folks that have a 4 digit limit (.0001)to work with. So, If they were working with REAL numbers on the bid and ask they could create tremendous volume especially with a .0001 spread. What you see is a putrid attempt at selling folks some shares, then dropping it trying to scare that buyer into selling back out of fear, by creating an illusion that they are immediately losing money. They will play the game hard ball style between now and Dec. 31 because they need to shake loose EVERY REAL share they possibly can to help cover the naked shorts they created in this company.