Tuesday, November 04, 2008 3:12:01 PM
"Why the comparison to "gray" stocks?"
Because there's no bid. No market. And, I called TDA and they told me it's not "routed through a MM".
And I'm not trying to scare anyone.
IMO the only thing that could possibly save bag-holders is the miracle of this POS complying with Rule 15c2-11 and getting an MM sponsor.
And that would be a miracle as that means the kind of disclosure these guys specifically intend to avoid.
Because there's no bid. No market. And, I called TDA and they told me it's not "routed through a MM".
And I'm not trying to scare anyone.
IMO the only thing that could possibly save bag-holders is the miracle of this POS complying with Rule 15c2-11 and getting an MM sponsor.
And that would be a miracle as that means the kind of disclosure these guys specifically intend to avoid.
Recent TCRI News
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