Hi BB,
Thanks for that informative post on the pinksheets pilot program. I was analyzing BLYM and came across your post after doing a Public Message search.
The test pilot quote tick sizes are insane!
"For quote prices at or below $.10 but above $.001 a quote tick size.0005"
I agree. If those tick sizes are implemented for all pinksheet securities, it will kill any potential run for all the triple zero pigs, thereby, killing major profits for traders.
A .5% spread for a stock trading @ .10 is a lot easier to swallow compared to the 50% spread of a stock trading @ .001!
I'm going to send pinksheets my opinion because the increment for stocks trading between .001 and .009 is BS. I don't know if it'll do anything, but at least I'll feel better for expressing my opinion.
If you'd like to discuss this change, feel free to e-mail us at info@pinksheets.com or call our Trading Services Dept at 800 LIST OTC.