You may be right. 

One individual with a couple of accounts or two with individual accounts could easily manage prices whan a stock is thinly traded I sense.  100 shares at 0.04 is effectively 100 shares at 0.10 when you add trade cost. So they must have a somewhat bullish outlook. In fact if they are both buyer and seller, then is it almost 0.15. I hope they are right and make thier money back :)