Wednesday, April 12, 2006 11:05:23 AM
http://www.waydago.com/messageforum/view_topic.php?id=93&forum_id=10
Good Morning,
Many were concerned with the AH trades on BKMP at .0002 yesterday.
First of all, there are NO after hour trades on the pinks.
Most after hour trades and was the case here..These trades are marked "T" and are generally not included in the price and volume that is published daily.Volume on the after-hours trading is intragated into the record for the next day with a 24 hour benchmark or cutoff.The price as well is not or will become part of the record or trading data.If the volume and price of after hours trades goes beyond or over the 24 hours it is for the sole purpose of tracking.
What I think has happened is that the MMs have been covering and you may have noticed the last couple of days the bid was sitting at .0002..No one was able to acquire shares at the retail level and my guess was that the MMs were trading between themselves for the compliance of NSS.
Last year, near the yearend a notice was sent out (SEC NSS compliance issue) that companies starting with A through G or E would be first to come inline,but due to the overburden and timeline they extended this compliance issue until I believe April..This puts direct pressure on BKMP since it starts with B..Yesterday's after hour trades may have been a direct result or attempt to cover.This is my opinion,but I don't think it was CD conversion..
On to the floor
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