This post is in response to Airdale and cutting corners who somehow agrees with Airdales post
I sent Mike Mulshine the post below. Asked him what he thought of Airdales post which is below.
His response:
Scott,
The post by Airdale1 # 47334 is pure BS... he is wildly speculating on things he knows nothing about.
This whole thing below is nuts. Makes no sense to me either!
Mike
The theory behind broker dealers or market makers, (MM’s) is to create more competition than the Specialist system employed by the NYSE and AMEX. They like we private shareholders take risks with inventory in buying, holding and selling.
Since the new partners are buying on the open market and not through some private placement, PBLS, like the rest of us, they will use MM(s) to sell the newly created shares into the market. Will the MM still get their “commission” yes? They can then either buy the shares outright, in hopes to sell at a higher price, or they can match trades for PBLS in the market for a fee.
Based on the last three PR’s, I think PBLS management has adopted a change in corporate strategy since the merger. I think the new people have brought a more shareholder friendly atmosphere to the company. I believe they will sell x amount of shares per day into the market and the new partners will probably buy about x amounts per day to help “make a market” and not injure current shareholders by pushing the share price downward. It’s simply an opinion that will be proven or disproved in the coming days/weeks.
