Nice theory Pend. I guess that is as sane an explanation as anything else. I certainly can'y explain why everyday we bump up on 400 shares. I think they would have done it today but it would have been too obvious.
Usually the action at close is bid .2416 and ask .2458 (roughly) and it closes on exactly 400 shares at .25. Today it bumped up to bid .239 and ask .2468 but closed at .24 (I didn't get the last trade volume)
I have maintained the MM (to our benefit) has been doing this to stabilize the price but I am at a loss as to the why.
I'll accept your theory as an option. It truly has been wierd action.