InvestorsHub Logo
Followers 69
Posts 87031
Boards Moderated 1
Alias Born 03/29/2001

Re: GoStock post# 6007

Monday, 10/08/2007 1:29:02 PM

Monday, October 08, 2007 1:29:02 PM

Post# of 7673
GoStock- If there are no bids, then no one is willing to buy if you want to sell. The market makers have shares to sell but even they won't buy. If someone wants to sell they can put in a sell at .0001 and compete with the market makers. Historically that has been a tough way to go. The other way is sell at a market order and possibly get a market maker to buy at .00005. That's been known to happen more frequently. The next step is a reverse split when the buyers dry up. Then the game starts all over again. There has been some good evidence the reverse split is coming Oct 22. That's not for sure but a recent filing by the company seems to indicate the possibility. Again, that's not a sure thing.

...........al

I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975

Best info board on Ihub:

http://investorshub.advfn.com/boards/board.aspx?board_id=14130