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dayadog

10/11/10 2:34 PM

#7045 RE: newmedman #7044

it's good to see a ton of MM's. shows interest is from many different places.

fink

10/11/10 2:42 PM

#7050 RE: newmedman #7044

New MMs.. The OTC has hammered the OTC MMs with new fees and many companies are rolling into Pinks.

Check out the news today on KBLB. It spells out the deal.

Heres a bit of the story


The migration of market makers from the OTCBB to the Pink Sheet trading platform apparently began accelerating when the OTCBB decided to increase the fees it charges market makers. When market makers run their trades through a rival platform and give no part of their business in a security to the OTCBB for a period of four days or more, the OTCBB can list the subject security on its daily list under rule 15c2-11. For reasons which have not been explained by the OTCBB, this action resulted in the data stream disruption as the OTCBB apparently did not provide advance notice to the financial service websites or to the Company."