I don't know what they're selling but I hope it's not shorted shares. That would mean they expect a drop. I think it's some kind of convertibles.
BMAK I think (a guess) has been selling for the company dilution but he has been considerate about it, allowing the price to rise when we buy enough. VERT or VNDM or whichever one of the V triplets is on the ask is probably selling to cover a note. That's what they usually do, if I'm not mistaken.
I'm just taking a WAG here, it's a stab in the dark, but the MM's often work together and take turns when there's more than one institutional MM on the ask.
One other point, they may be nearing the end and we can buy the last of it in the upper .01's rather than lower .01's...a lower price would mean more shares diluted. No way to know how much they have or how much is left because of bid whackers and sellers who slip in just below them.
Again, all this is JMHO in the short time I've been here, but it's in reply to more than one post.
I think it's all good, they seem to give us room to allow upward movement...so far. Maybe they're nearly gone.
Go $FLPC
Dee