InvestorsHub Logo
Followers 101
Posts 15344
Boards Moderated 3
Alias Born 12/06/2008

Re: breezin_chs post# 35127

Thursday, 05/20/2010 12:11:26 PM

Thursday, May 20, 2010 12:11:26 PM

Post# of 46576
LOL, you anwer your own question without realizing it. Yes, the difference between bid-ask is 25 to 33% of total share price, depending on the last tick. Like all micro-craps, this is an illiquid issue. The only reason it trades at all is because of the market makers. MMs aren't being evil shorts. They're just doing their job. If the MMs can't collect the difference, and put it in their pocket, then this will cease to trade.

If this trades a volume of 50,000,000 shares then the total to be made by MMs is only $5,000. They are barely paying any attention to this as it is.