Just got reminded of something else. And it isn't
Post# of 43064
Posted On: 07/13/2014 2:40:01 PM
Just got reminded of something else. And it isn't rocket science.
The only people buying this turd security are those retail with discount brokers primarily, as such the MMs noted all deal with discount brokers as their primary business on the OTC. It stands to reason those same MMs will shows the highest volume due to their customer base they serve. NITE is going to be in the top because it serves the largest group of discount brokers for OTC securities so it is of no surprise they typically have the highest volume in the majority of OTC securities.
As to "secondary", based on what exactly? The numbers fluctuate based on the customers who purchase shares as indicated by the data collected separately, those "longs" represented the half the volume flowed through ETRF, confirming that retail drives the volume related to each MM.
All of this data is incorrectly drawn to a conclusion that it clearly doesnt support. It clealry shows exactly what has been said all along, retail drive the price here and will continue to do so based upon the dilution and or lack of performance by the company. The left out portion of this wrong conclusion was the missing diltuive MM TEJS which disappeared when they could no longer rely upon SEC Rule 144 for sales. They were strongly represented in the monthly numbers from January through April, and completely disappeared in May.
This share report is about as bad as proving Daily Reg SHO Data with incorrect conclusions while never providing the other Reg SHO Report that clearly shows all trades settled.
The only people buying this turd security are those retail with discount brokers primarily, as such the MMs noted all deal with discount brokers as their primary business on the OTC. It stands to reason those same MMs will shows the highest volume due to their customer base they serve. NITE is going to be in the top because it serves the largest group of discount brokers for OTC securities so it is of no surprise they typically have the highest volume in the majority of OTC securities.
As to "secondary", based on what exactly? The numbers fluctuate based on the customers who purchase shares as indicated by the data collected separately, those "longs" represented the half the volume flowed through ETRF, confirming that retail drives the volume related to each MM.
All of this data is incorrectly drawn to a conclusion that it clearly doesnt support. It clealry shows exactly what has been said all along, retail drive the price here and will continue to do so based upon the dilution and or lack of performance by the company. The left out portion of this wrong conclusion was the missing diltuive MM TEJS which disappeared when they could no longer rely upon SEC Rule 144 for sales. They were strongly represented in the monthly numbers from January through April, and completely disappeared in May.
This share report is about as bad as proving Daily Reg SHO Data with incorrect conclusions while never providing the other Reg SHO Report that clearly shows all trades settled.
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