Not sure if it's correct - I'm concentrating elsew
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It is probably one of the following:
Fake - to allow short covering or loading lower.
One person trying to sell a huge amount from much lower - unlikely.
Convertible debt to be sold - but they showed the real figure instead of a 10K.
Probably advisable to hold off adding until it becomes obvious which it is.
The last time something like that happened several months ago when it was in the mid-0020s - it went all the way down to .0005 in minutes and bounced hard back up towards .0010.
Stay sharp if you have a large position.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.