Do you have any links/resources for the subject matter you're covering in this comment? I'd like to learn more about what you're saying, and I can't seem to wrap my head around what it is you're trying to express with penny bids.
But under certain circumstances they didn't really like this requirement so they kind of cheated by changing their bid to 1 penny and their ask to $10,000. For a stock that trades around, say, $100 this means that while they de-facto had a bid and ask in place it wasn't really a real bid or ask as no one else would ever want to trade at those prices.