My guess is that it's more likely that there are simply almost no exchange buyers. If I want to buy OTC I have to find somebody that follows BAY on one of the boards - the very type of person who is gung-ho on BAY. Someone who has given up on BAY would not be reading the boards, they would just want to take the simplest, most direct route to sell off as quickly as possible; e.g. to dump the shares on an exchange and be done with it. But no worries, grab the popcorn and snuggle up under your blankie.