InvestorsHub Logo
Followers 0
Posts 20
Boards Moderated 0
Alias Born 06/20/2007

Re: leprikan post# 249

Thursday, 07/05/2007 8:31:58 PM

Thursday, July 05, 2007 8:31:58 PM

Post# of 357
From what I understand, trading these securities (gray market) are traded by broker-dealers who negotiate directly with one another over computer networks and by phone. So until AFML restored there MM you will not see the traditional B/A for 30-60 days.
Right now we are running buy/sell match...you have 10000 sh to sell and two others want 5000 each there is a match and the seller will get .02 less than the "last" which would be (.15) and the buyers will buy at "last" presently at (.17).....this is evident if you look at the level 2 quotes. There is no real electronic spread since hault and not until we establish MM again will we see the b/a.