You would think they have a news ready to be released
MM's are trying to decide if it should reopen at 5 or 10 cents.
They're looking for the cyanide to add to the Kool-Aid
The time is due to enormous trade imbalances. MM's have to match up orders (i.e. buy-sells). Since the gap will be huge (i.e. many tutes will want to exit positions), MM's have to line up potential buyers after the hammer falls.