Your forgetting it was probably a short getting out of his position, that's why no follow through. The shame is MM allowed him to get out so easy, getting out of that many shares should have sent it to 1.75, but big guys don't play by the same rules.
They are losing 2 million dollars. Just because they made this bet does not mean they are automatically right. Even though I am positive on NIHD, they and myself can be wrong. They may lose 5 million dollars. That is a large amount of money to us, but to them it is peanuts. They do not care if they are wrong. They will make it back on another trade. Citigroup lost over one billion dollars on a bad trade and did not put a dent in their reserves. Stock price was hardly affected. Peanuts!!!!!!!!