Let's just suppose I offered to pay $30.00 per sha
Post# of 5282
The market makers job is to sell shares or buy shares if there are any to buy. If I offer $30.00 per share and there are shares for $2.00 then they are mine and I will receive a fill. If there are no shares at $anywhere before or at $30.00 I will receive none.
So again if I offer $30.00 per share and there are shares at $16.00 I will get a fill. A chump change $150.00 gives you first hand knowledge of where the shares are. If anyone wishes to take it down that's good too. They sell you shares at $10.00 then you try it again. You don't lose because you either get filled or you don't spend your money.
If someone were to offer $30 for 5 shares this morning my guess is they would get shares at somewhere near $18.00 but we will see.
If your not interested and want to wait till the price is $300.00 then that's OK too.
IF YOU DON'T THEN I WILL YOUNEVER CAN TELL
WE MAY NOT EVEN NEED A MEETING
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There is no limit to the loss of someone has been caught in a short squeeze.