ERF Wireless, Inc. (ERFB)

[adideo1]

Proof of foul play (and to correct my incorrect input on the subject)

Some asked about why the Bid/Ask doesn't reflect their bid that they had entered... I thought (incorrectly) that the bid/ask only has to reflect the MMs prices to buy and sell their own inventory... I was wrong ... here is the actual rule (copied off of the SEC website)

"Limit Order Display Rule

Limit orders are orders to buy or sell securities at a specified price. The Limit Order Display Rule requires that specialists and market makers publicly display certain limit orders they receive from customers. If the limit order is for a price that is better than the specialist's or market maker's quote, the specialist or market maker must publicly display it. The rule benefits investors because the publication of trading interest at prices that improve specialists' and market makers' quotes present investors with improved pricing opportunities."

I have had many, many too many days here with my bid much higher than what is listed and I couldn't understand why the MMs wouldn't show my offer... the answer is simply ... THEY ARE CROOKS! and they aren't doing their jobs right... they should be fined and suspended.

I would think that ERF's front office would catch on to this and complain to the MMs directly... if nothing happens, the front office should report this to the SEC. There is no flexibility when if comes to fraud. Transparency is the key... there should be no manipulation of the Bid/Ask.



Looking forward to some numbers... and some much higher volumes.

A1