Posted On: 09/04/2014 2:38:02 PM
Post# of 5066
VAV, Not sure. This was an opinion I came up with purely based on Inventor1's insight along with the observation BMAK is not on the L2. I gather solicited shares in this case are ones directly from a MM from the company set to trade at a coordinated date with news that gives some type of concrete valuation...but i admit not knowing how exactly this has been gummed up or if this is an accurate depiction. but here are the quotes i gleaned my opinion from. hope that helps.
Quote:
Well come to find out that yet bmak has a exclusive trading period Nd they were NOT the one trading today they did get back the ticker but didnot get back the final opening trading # from finra
They are not happy that unsolicited bids and ask we're happening !!!
They bmak can not trade for a few more days
Quote:
What I have been told by bmak is this
All trades right now are all unsolicited trades
There is not a current market maker controlling the trades
And bmak The designated marketmaker can not trade and take control until finra approves the (lol) finale trading price
(0)
(0)
Scroll down for more posts ▼