VAV, Not sure. This was an opinion I came up with
Post# of 5066
Posted On: 09/04/2014 2:38:02 PM
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
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