Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I hope I can impose on you for a clarification.

From my original post (the one that starts "At the risk of showing my ignorance"):
"It was my impression that 1) market makers were currently out of the loop and 2) brokers are matching trades within their own customer groups......."

You indicated that:
1. "broker-dealers" are MM firms.
2. "broker-dealers can't make a market, even though they can trade for their own accounts."

I thought I made it clear that I didn't understand the process. My understanding was not enhanced by discovering that broker-dealers are market makers that, under the current circumstances, can't make a market.

Can you either take a minute to make this understandable or provide a link to Market Making for Dummies? I do not know how the market mechanics changed when the company entered the Grey Market. If you do, please share.

Thanks in advance.