sfd....that makes sense and I did think of that. First of all I really don't think that there are enough of us here holding enough shares to have an impact. We would need to know what percentage of the stock we all own combined. If that number was large enough than it would be very effective.
As to the liquidity issue, if we all pulled our certs there is no doubt it might effect the liquidity of the stock. It would make the stock virtually impossible to day trade. Day traders will only go near stocks that are very liquid and have high volume. So unless you plan on daytrading it the liquidity issue would be minor when you compare it to what it would do to the share price. After all that is what we are looking for, higher pps. I don't think interest in MSEP would subside because a group of shareholders or a sigle shareholder for that matter, decided to request their certs. You either like the stock or you don't, being less liquid would make the stock harder to get thus raising the demand. It is human nature to want what you can't have. After thourough research if an investor decides that the stock is strong and a solid investment they will want it, liquid or not IMO.
A few years ago I owned a stock that was a big money maker for me. IMCO is the symbol. It was not liquid at all, it usually traded around 200K shares a day. The reason it was not liquid was the float was extremely low. However, if good news came out it would spike in volume and trade in the millions, some days trading the entire float several times in a single session. It would uptick or downtick on virtually every trade. I would gladly forgo liquidity to have a substantially higher share price. Who wouldn't. In the end all that matters to most is how much is your stock worth, not how many shares does it trade per day.
Again, as much as I would LOVE to squeeze the hell out of the MM's I don't think that collectively we own enough shares to make a significant difference. I think it would take around 20% of the O/S at least in order to make a difference and I don't think we own that much.
It is fun to talk about and fantacize about making life miserable for MM's that are short the stock...LOL
Mike
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