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Re: SevenTenEleven post# 148484

Wednesday, 08/04/2010 9:45:44 PM

Wednesday, August 04, 2010 9:45:44 PM

Post# of 221875
This how MM's can cover!!


Actually MM's CAN-SHORT-AND-COVER these shares at No BID!!

How??

Well say a company or a big shareholder has 2 billion shares!!

And he or it wants to get rid of these shares!!

He or the company go to a MM and say guess what I will sell you all my shares at $0.00005!!


The MM says OK I'll take them!!

The MM then goes on the market here and sells a short share at $0.0001 to a shareholder!!

The common shareholder buys the shorted share at $0.0001 at no bid!!

The MM then buys the Company or shareholders share at $0.00005!! Also at no bid!!

And guess what the short share is now covered!!!!


The shareholder is happy he bought at No Bid and the MM is happy he made 50% profit on the short sell!!

On 2 billion shares at $0.00005= $0.5 million!!! For the MM and $0.5 million for the big shareholder or company!!!


Reason they can do this is that trades at $0.00005 are STILL RECORDED at $0.0001!!


Ingenious for the company and the MM

The shareholder is the loser!!!


Money is money!!!

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