IMO - this isn't an MM game - just people trying to get rid of shares. We have all heard the MM game theories for several years now without proof to back it up. We are constantly told that MMs will be forced to cover making for exploding share price, but it never happens. Face it - if MMs are involved, they are far better at the game than Steve.
But like I said - MMs aren't the problem here. The problem is that
A. Too many people want to sell and get out
and
B. Nobody wants to buy a stock based on deceptive promises