Replies to post #67836 on Paychest Inc (PYCT)

[adanac]

The following is how I "THINK" it happens.

If you want to SELL at a price (say .0001), the MM will look for a BUYER, Short to the BUYER at .0001, then come back and BUY your shares at .0001 to 'cover' his short.


If you want to BUY at the ASK (say .0001), the MM will take your money (he's not going to pass up a BUY without raising the ASK) and then 'look for a SELLER'. If no 'Seller', he is now 'short' (because he took your money), causing a Failure to Deliver (FTD)