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alien42

08/11/11 2:54 PM

#180782 RE: WhatDoesItAllMean #180781

welcome to trading on the pink sheets at .0001
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TomSawyer

08/11/11 3:20 PM

#180785 RE: WhatDoesItAllMean #180781

"But there is no bid."

Or is there? My understanding after making phone calls about this to brokerage houses is that when a BID is under $0.0001, it doesn't display on on any trading platforms like Ameritrade, ETrade, iHub, etc.

They did however confirm that his stock has been trading below $0.0001. So bid is somewhere between $0.00005 to $0.00009 (or 5 decimal places).

A call to FINRA also confirmed that the MMs can trade in that area.

Take care.