Tuesday, November 04, 2008 7:26:04 PM
No - my statements were a 100% true.
A "sponsored" pinky would mean a "solicited" security, and a 15c2-11 is what's required for an MM sponsor. This has not been done. Non-sponsored securities may trade as "unsolicited" as this one does.
http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp
No bid, means "no market". I imagine you skipped that class of Stock Trading 101, and no matter how loud you howl, there is still no market with no bid. An ask is published when, as in the case of RMDM there is an offer to sell, but an ask does not a market make.
Transactions are posted when, for examples, a vendor stuck with a pile of shares would probably cause headaches for an unscrupulous company (with things to hide) if the company didn't buy them back before an RS, or when they are intra-brokerage trades, or when some raving simpleton actually bought shares from the issuer today. Transactions, however, also do not a market make.
Becoming a solicited (ie. fully disclosed issuer) would be the only thing that could possibly save bagholders as the post RS price might be sustained long enough for some kind of bounce. That would, as I said, be a miracle, for these clowns remain the slimy crooks they have always been, and enjoy living under a rock.
A "sponsored" pinky would mean a "solicited" security, and a 15c2-11 is what's required for an MM sponsor. This has not been done. Non-sponsored securities may trade as "unsolicited" as this one does.
http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp
No bid, means "no market". I imagine you skipped that class of Stock Trading 101, and no matter how loud you howl, there is still no market with no bid. An ask is published when, as in the case of RMDM there is an offer to sell, but an ask does not a market make.
Transactions are posted when, for examples, a vendor stuck with a pile of shares would probably cause headaches for an unscrupulous company (with things to hide) if the company didn't buy them back before an RS, or when they are intra-brokerage trades, or when some raving simpleton actually bought shares from the issuer today. Transactions, however, also do not a market make.
Becoming a solicited (ie. fully disclosed issuer) would be the only thing that could possibly save bagholders as the post RS price might be sustained long enough for some kind of bounce. That would, as I said, be a miracle, for these clowns remain the slimy crooks they have always been, and enjoy living under a rock.
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