Singing Machine Company Inc (MICS)

[NobleRoman]

2 MILLION SHARES 15 minutes prior to pre-market???? I've been talking the last 15 minutes, and 900,000 shares traded in that time?

Well, one thing can be ruled in: NASDAQ is allowing more hands and interest. I'm going to a TEST. Going to my Merrill Edge acct rigih tnow. This is the account that ties my hands on everything. They wont' let me buy penny stocks like SMDM.

INTERESTING RESULTS: This is what MERRILL EDGE is telling me when I just trie dto put a 1000-share limit order in a $2.00

This security is going through a reverse stock split. Opening orders can be submitted, however closing transactions will be blocked online for the remainder of the day and for up to 3 business days thereafter. In order to liquidate, you will need to call in to the Investment Center or contact your Financial Advisor. Also note that existing position values may be artificially inflated until share quantities have been adjusted. (RES_REVSTOCK_SPLIT_WARNING)
For more information, call 877.653.4732.

Mind you, I have no shares of this in Merrill. That was just my WARNING. I just pressed SUBMIT a second time and my order went in. I guess I can buy but not sell yet without calling . I don't think my order will get filled but IFF it does, I'll keep the 1,000 shares at $2 in that acct.

CONCLUSION: Nasdaq does indeed create lots more interest and opens doors for many that were previously excluded. That was theory and this is the evidence. At least that part makes sense. The price falling doesn't make sense. Not to me anyway....