Koil Energy Solutions Inc. (KLNG)

[deathtotaxes]

OTCBB stock market makers are under an obligation to fill an order to the size that is shown. So if they are bidding $.35 for 5,000 shares they should be buying them. If they are not bidding they don't have to buy them. HOWEVER most big trading houses will compete with the bid or offer to retain the order flow of the customers. So NITE the big gorilla in the business will most likely do the trade even if they are not on the bid or offer. Then they will either keep the stock if they think they can sell it higher or hit the other guys bid and get rid of it fast. On an illiquid stock they will sometimes go hit the bid prior to executing your trade. Riskless for them in that case.

Schwab for the most part shows my bids and will give me good executions. If I place a bid on DPDW, I will usually see it reflected within 5 seconds of placing the order. Can't ask for more than that. They also have a large internal order flow that greatly increases liquidity in many stocks.

A few years ago I noticed that many of the BB market makers started to show customer orders. I think they did this in response to GNET/ARCA ecn which was starting to become a bigger factor in the OTCBB arena. I confirmed this with someone who worked for GNET at the time. Since then the competition has proven to help us get better BB executions.

If your broker is not filling your orders, speak up or go away to some other firm. They don't have to fill your order in many cases, they should if they want to keep customers.