I do not think that anyone suggested any deception on the part of any “evil mm games”. That was a simple statement of fact . As for other facts you would be correct when you say illiquid . We are very proud of just how illiquid we are at this point. You see people who own TelVue stock don’t sell it. Since (Billionaire) Gerry Lenfest owns 93% of the shares here and is not in the market to sell one share that leaves 55,000 shares. If no one is selling those shares that means the stock is illiquid and makes you correct. The gentleman you were answering simply suggested if someone bought one share of a lot offered for sale and showing as 100 shares that purchase of one share may very well be telling. Some may suggest that buying one share of stock is poor investment strategy. Maybe. As for a few thousand a year dollar volume. Well that could be a stretch but no problem. Nothing anyone can do or say will stop this train.
PEOPLE WHO OWN TELVUE SHARES HOLD EVERY SHARE THEY CAN GET THEIR HANDS ON.
WHEN THEY CAN THEY ADD IN SMALL LOTS AS CHEAPLY AS THEY CAN.
Are you sure they don't round up? The minimum bid and ask size is never less than 100. So an offer to sell 5 shares shows up as 100. If 110 shares are on offer, 200 would show and if 20 were sold, 100 would show.
Just a thoought as I had been wondering why I keep seeing 100 shares on the bid and ask side.
I fully understand your mind being boggled as the same thing happens to me when I think about folks who own no shares spending their valuable time making posts. For the record I am not worried about the market maker I am worried about those selling counterfeit shares not having enough funds to repurchase them at much higher prices than they sold them at. I look at the market maker as being the facilitator of these criminal acts. Now if in fact the market maker is intentionally selling non existent shares he is committing fraud. A market maker would never do this would they? Go TEVE!!! Revenues/earnings/dividends! Happy Thanksgiving TEVE shareholders!
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