Friday, March 09, 2007 10:31:36 AM
my experience tells me that it will open at the price of .006 after suspension starts, but that IMMEDIATELY it can do whatever it wants, based on buy and sell orders being put in from retailers. Your broker will find someone to match your trade with, and execute. There will be no MMs, as you have stated previously, and therefore there will be no Bid and Ask. Trades will go through slowly, and price will fluctuate dramatically.
Example....i was watching CKYS before, during, and after suspension....it got suspended at .02 about a month and a half ago. it came off suspension and immediately dropped to .015.....it then proceeded to trade from .01 to .02 for a few days after......mainly hovering around .015. today, right now, it is at .004...it was JUST .002, but then a trade went through doubling its PPS.
you can expect big swings as you have mentioned. many on that board were told by the CEO that it will NOT open grey, but it did, and still is on the grey sheets. MM's will have to review the financial situation AFTER the suspension is lifted, which automatically makes it open grey.
Good luck. Hope all turns out well for you.
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