Here's what I see
Looks to me like retail investors picking up the surplus shares mostly through waterhouse. If they (the select few) would let this rise it would create more retail interest and we could work through the share surplus at varying prices. What is happening is your setting the stage for the next resistance level and it will be as hard to work through as the .15 cent level.
Unless MTB management can attract some serious investors (and this is where strengthening the board would help) it will be slow going in my opinion and we will be subject to the dwek game.
Note to Management......I'm sure everyone here would support you going out and getting a serious P.R group before you drowned this company in a whirlpool of paper through untimely fund raising.
Good luck