Micro Imaging Technology Inc (MMTC)

[1969camaro-ef]

Sure I will help you with that, if someone else has already please forgive me. The reason the spread is so large is because most traders place a bid that is good only for that day, so say I placed a bid for .013 for the day and I don't get filled the bid is canceled by my broker "day bid". Now say I was trolling for shares on the cheep I would place a bid at a low price say .0082 and I would make that bid "till filled or 90 days" and if I had shares and wanted to sell say at .02 then I would place a bid "till filled or 90 days".

Okay now what happens is when the market closes all the "day bids" are canceled and the only bids you see are the long term "till filled or 90 days".

So at the close of the market what you see is a ask of .02 and a bid of .0082.

hope that helps