EcoSphere Technologies Inc. (fka ESPHQ)

[Gboots]

Hey guys:

I'm not sure if anyone has been keeping an eye on the bid/ask spreads over the past week but my brokerage account is with Fidelity and the spread has been holding steady at bid 50 cents / ask 84 cents. I know a buddy of mine uses Scottrade and I had him check the spread on ESPH today. He reported a spread of bid 68 cents / ask 70 cents.

I called Fidelity and they said that they take the best quote from a sampling of dealers on the OTC market. I think there is some serious spread manipulation going on and I also question the legality. I know penny stocks aren't regulated to the extent of stocks on an exchange but they ARE regulated against mm trying to unfairly manipulate the price. How could anyone trade a 34 cent spread on a 68 cent stock? Has anyone else noticed an extremely large spread over the past week with a different broker?

The guy I spoke with at Fidelity also said that you can call and request a price lookup during trading hours. He said they will probably give you a tighter spread but you can expect to pay 32 bucks each way on the trade. For those of you that have a good chunk of change with this stock and are experiencing wide spreads it may be worth your while to call your broker before you take the online bid/ask.

Before the earnings and contract news, Fidelity had a pretty consistent spread of 4-5 cents. Thoughts?