Tuesday, January 25, 2022 3:02:21 PM
The other issue as stated, working for the company, that is not legal as there is no legal means for them to work for the company on the Bid. I would recommend reading up and understanding Rule 10b-18. Also read up on Wyoming Law, a company cannot purchase stock if it is insolvent, no different than why it also cannot issue a dividend.
Based on these 2 things alone, it is not possible for an MM to work for the company on the Bid as incorrectly stated.
THE REAL DTCC DISCUSSION
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