Replies to post #94636 on Laidlaw Energy Group, Inc.(fka LLEG)

[Sam Dan]

NEVER place an open Market order on the grey market. You will get creamed by the MMs.
Place a LIMIT order and wait to see whether it gets filled. Watch what order gets filled and at what price. If the filled price is at or near what you would accept,then adjust you order LIMIT.
Believe me NEVER place a Market order.
Personally I never place a Market order on any pink or OTC stock-asking to get killed on the fill.

[Renee]

Egrohs : Market makers cannot make a market for a Grey Sheet stock, meaning they can't post bids or asks or volumes of shares available to be bought or sold.

However, investors can still buy and sell a Grey Sheet stock, but it is a guessing game on what is the best price to buy or to sell.

Logically, buyers try to buy for as low as they can to minimize their risks and sellers obviously want the best selling price.

Depending on any remedial actions a Grey Sheet company takes the low-ball buyers create extreme instability in a Grey Sheet stock's PPS exacerbated by sellers who capitulate and just want out of the stock at any PPS.

Some Brokers will not permit buying of Grey Sheet stocks so that further aggravates the situation for sellers when the buying pool has been drastically curtailed. *** Brokers must allow a client to sell their shares, unless there is a DTCC restriction in place or the SEC has revoked a security.

The best course of action for a seller is to sell in smaller, even numbered lots that buyers can buy on matched orders, ie, a lot of 24,896 would be harder to sell than 25,000 because a buyer is not likely to put in a buy for 24,896 but may put in a buy order for 25,000.

Phone your Broker to look for buyers or sellers when trading resumes.