Logiq Inc (LGIQ): No, MM do not buy shares from convertibl...

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hometownJOE

Re: e-ore post# 5286

Tuesday, 04/30/2013 10:20:27 AM

Tuesday, April 30, 2013 10:20:27 AM

No, MM do not buy shares from convertible note holders within the 6-month restriction period. MM's need to be able to cover their short position in days, not months. Liquidity is a must for MM's. They can't afford to tie up capital.

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