In the last few minutes before the close JP Morgan dropped blocks of shares on the bids taking the stock down. At the close he was not done & had posted 300k shares for sale at $.25. Seconds before the close Instinet sold a few shares under JP offer & stock closed at $.245.
When JP stated selling few traders who had posted bids at different price levels pulled them. The market book that showed huge bids all day was thinned due toJP dumping. There are some traders trading this stock for penny / few pennies spread.