C&D Production Inc (China) (fka CDPI)

[Mr. Bill]

because they dont have any shares and would prefer you get tired of waiting and go away.

It takes time to try to locate any shares to cover. Hence the UT to .07 and none to be found.

IMO there may have been 5K shares available at .07 but no MM wanted to act as a middleman letting me have the 5K shares at .07 and the seller sell them at .07 and just exchange the shares. They dont make any money, the MMs, that way. Shortly after I cancelled my buy order at .07 5K shares went off. Why not let me have them?

It appeared that HILL wanted the .07 shares for themselves. They went from .06x.20 trying to buy shares, and paid .07 instead at .07 and then went to .04 x .75 on L2. It was very encouraging to me that they increased to .75 cents. HILL only had 5K shares at most IMO. UBSS took forever trying to fill to see if any sellers would come along. None could be found. If UBSS could have found 15K shares at .06 they could have filled my .08 order and made .02 cents a share. Do this many times a day and it is big bucks. More and more it seems fills for tightly traded stocks are taking longer and longer, especially if alot of volume is coming in. It is almost like a vote and they are waiting to see which way the MMs collectively are going to move.

Several rules which would improve the marketplace:
* Require MMs to fill a minimum of $1000 stock blocks (if requested by trader) vs a measly 5000 share fill. I had a $450 order fill $40 2 days ago. A stock was .001 x .008 and they only gave me 5000 shares at .008 and went to .008 x .04
* Require a maximum of a 10% spread. Below .001 MMs would have to have the same bid and ask (but two MMs might be at a different bid/ask from each other). This encourages trading and price changing in a stock to control supply/demand. A huge spread simply stops the stock from trading.
* Provide free trade info at otcbb.com and elsewhere where investors could see whether a trade was a buy or sell, who the MM was, and who the broker was. This would help eliminate talk of naked shorting
* Require any short position in a stock to be covered by the settlement date. No borrowing credits from someone else's accounts. For the trade to settle the shares have to be purchased and in the process of settling. Limit the short position any entity could have to 25% of what had been traded and not settled on, over this would have to be bought that day off the open market verses waiting until settlement date.

C&D PRODUCTION INC - Nasdaq National Market: CDPI

Time & Sales most recent next page
Rec. Time Action Price Volume
2:36:06 PM Ask 0.1 5000
2:36:06 PM Bid 0.07 5000
2:35:38 PM Trade 0.08 5000 <- partial fill after waiting more than 5 minutes. UBSS hoping I cancel my order so they can leave the ask. Finally fill and UT to .07 on bid and .10 on ask. Hoping to get more .07 shares but none available. If they were there they would have got them to cover the 5K at .08 they sold. If they had them they would not have UT on the bid and ask and would have filled my order.
1:30:20 PM Ask 0.08 5000 <- UBSS came down on ASK from .14 when the day before they had UT'd to .08 on the BID and .14 on the ASK on a 5K BUY partial fill. They have few/no shares.
1:30:20 PM Bid 0.06 5000 <- HILL went from .06x.20 to .04x.75 since they had shares now and wanted to sell them much higher. A good sign IMO
1:30:08 PM Trade 0.07 5000 <- Home over lunch and decided to get something else. Cancelled order and a little later MM grabbed the shares.
9:30:14 AM Bid 0.07 5000 <- My buy order sat all day and went unfilled for more than 5K of CDPI
7:39:54 AM Bid 0.06 5000