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ynotme

05/28/07 9:31 AM

#29136 RE: wittke #29101

It's great that you have proven that you know how to copy and paste - what is missing though is any understanding or discussion about what happens when DTC decides not to service a stock. Why is it called bashing to pointing out that DTC is a central player in ensuring that a liquid market exists for a stock to trade. They are not some fringe entity taking some meaningless stance.

DTC's clients include all the MM's and brokerage houses. When DTC suspends service the Market Makers do not go elsewhere - they simple follow DTCs lead and stop trading the stock. The stock then either sells grey or waits until DTC decides to service the stock again.

Not sure why this is a debatable point or considered bashing. I don't suppose any of you who accuse people who point out this FACT will be around when the DTC decision filters down to the marketplace and the inevitable trading suspension occurs? At that point no amount of 'bashing' or 'cheerleading' will change the PPS - see BHUB.