So imagine, the company only has 5 million shares OS. If someone happened to buy those shares for $5K (.001) 2-3 weeks ago and is holding them, the MM's must buy every single other share on the market no matter what the price. Weither it be 10 cents or 10 dollars. I think some people may not realize just what a monster this could be.
Just my opinion
well I tried just to see if I could get in the mix for a few more shares. Has a limit at .0043.....no fill 40 minutes, even though ask hit it once or twice. Then moved it to .0046 for last ten minutes of trading day...no fill at ask. Just wanted to see how hard it would be to get some of those millions that traded. Someone is holding close to the chest
Or maybe Urbie is massing cash on hand for a different objective. What would happen to a stock's price on a major exchange if a huge find was announced?
The American Stock Exchange has established certain quantitative and qualitative standards for the initial listing of foreign companies. which requires the following quantitative standards:
Shareholders' equity $4 million
Total market capitalization $50 million
Distribution 800 public shareholders and 500,000 shares publicly held
400 public shareholders and 1 million
shares publicly held
400 public shareholders, 500,000
shares publicly held, and average
daily trading volume of 2,000 shares for previous 6 months
Market value public float $15 million
Just a thought, what do I know?