Dryden, .0002 shares are available!
On the 12th of SEP, I noted that the share price of MGMX had sold at .0002. That evening I placed an order for 2,500,000 shares, because that's all the free cash I had at the time. At 0930 hours on 9/13/07, my order was executed. That is the day 44.7+ million shares changed hands. Now that .0002 has been the PPS on and off for a week, some people have placed orders to buy at .0002. It just happens that on Monday, 17 SEP, only 2000 shares came up for sale, a sale of 40 cents that probably had a $10 broker's fee attached. Then again, if the order was for 20,000,000 shares, and that many were sold to this buyer over the course of the entire day, the broker's commission would still be around $10, a bargain. As far as buying at .0002, it is possible but you will have to put your order in for GOOD TILL CLOSED (GTC) and wait for a portion of your order, or all of it, to be filled. And you will pay a broker's fee for all the shares sold to you in each day that you acquire any shares, even 1 share. You are put in line and when your turn comes up you will be sold the next available shares. Today, 1,550,500 shares traded, some at .0002 at just past 1 PM, and lastly .0003 for the close at just past 2 PM. So, as you can deduce, YOU CAN GET SHARES AT .0002, but you must be patient, as I have an order in for another 17.5 million at .0002. lololol. I hope that addresses your doubt. GLTA, Sam
AI
