Probably over analyzing here...but what the heck. Looks like the powers that be decided to show bids/asks at $1.40 to start, but have been moving it up...as I write this the bid/ask is at $1.51 according to the brokerage account I'm checking right now.

I think the PTB wanted to show a down draft, but there's some buy side interest (prolly not a lot though imo) that forced them to up it a bit. I'm guessing they'll go short if they have to fill some buys.