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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

i think the reason we are still at no bid is becau

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Post# of 17862
Posted On: 11/12/2013 9:20:47 PM
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Posted By: stephen.brewer
i think the reason we are still at no bid is because these 00001 buys are not coming off the ask.  they are coming from hollund. the ask is different, however they still show up as volume because they are being purchased.  The ask is where we need the buys to come from.  and the ones being bought at 0001 should come from there. but whoever is buying the 00001's is probably immediately selling at 0001, to make their money.  So the volume coming off the ask is about 1/2 the actual volume. if regular investors are buying an equal amount of 0001's as the market makers are 00001's. so we need hollund to stop selling new shares, or limit conversions of existing class c's
i could be way off here, someone let me know


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