[esrauch]

It seems very strange; can a share not be worth less than 1 cent, or can it for ask but not bid?

[cynix]

It can be "worth" less than 1 cent. That simply means if you put in an offer at 1 cent, nobody will buy it, because they think it's worth less.

[esrauch]

I meant if the bid-ask spread must be minimum 1 cent, then is it true that bid can't be lower than 1 cent as long as ask is semipositive?