I just called one of my brokers and there are no posted bids or asks on their end. They confirmed that the last trade was on Wednesday.
Saying that the bid is 1.05 or 1.35 or 25,000.00 is all equally irrational. THE STOCK IS NOT TRADING. It is all speculation. There is no Level 2 and no one can buy and sell this stock AT ANY PRICE RIGHT NOW. It could take DAYS for NITE and some of these other criminals to try and cover their tracks while Scottrade, E-Trade, TDAmeritrade, etc. are trying to obtain certificates from the Transfer Agen, perhaps more certificates than exist? Who knows?
On ANY OTC stock there is ALWAYS some market maker parked off the bid or ask. It is common to see a marker maker with a 3 cent bid and a 200.00 ask on any OTC stock. Who knows what this 1.05 or 1.35 figure is -- it could simply be someone parked off the bid as of Wednesday. It does not mean that is a CURRENT and ACTIVE quote.
Saying such as a fact (this stock has a 1.05 bid) without a full and current Level 2 and with the stock not trading is simply misleading.
BTW welcome to the board. I haven't seen you since you were the original moderator and the CPOW board when it was under heavy attack.
