not fraud.
If a dealer is quoting 100k at a certain price, that's the quote as long as it's there. They don't have to keep a quote out there forever, and neither do you. You can move your orders all over the place as well.
If VALX is quoting 100k shares at .85 and you hit the ask for 100k shares at that price you will get 100k at .85
If instead you hit it for only 10k shares, you get 10k but then VALX will maybe change it's quote after you hit it. This gives the appearance of it being a fake quote, but really it's just that you only wanted 10k of the 100k it was offering and no they don't have to sit there with the remaining 90k until someone hits it.
If nobody hits a quote they can of course move it all over the place as they see fit and do according to the trades and order flow coming in.
Also, sometimes VALX will have a large quote out at OTC that actually gets filled at CSE/TSX. As soon as it does it will then change or disappear at OTC. Almost every order you see at OTC is duplicated at CSE/TSX depending. Playing the arbitrage between OTC and TSX is what VALX is really all about.
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