If the price of PVEC was .0001 on the day that it
Post# of 11107
Posted On: 05/20/2015 1:12:17 PM
If the price of PVEC was .0001 on the day that it changed to PVECD, than the 260:1 reverse split would result in a fair market share price of .026 on the day(5/26) that PVECD becomes DSUS.
Does this mean that the market makers will disregard the buys and sells, and start next Tuesday off with a price of .026 for DSUS? It seems that they're able to do anything they want, so this price wouldn't surprise me.
Last week, I added another 100,000 shares, which were filled in one transaction. As soon as my order was filled, there was a sale of less than 10,000 shares, so the price dropped. Even though my transaction was 10X more than the sale, the stock never went up, only down right after the 10,000 sale.
I'm no stock expert, but it does seem to me that the market makers can do whatever they want regarding share price, thus my feeling that it will open at .026 next Tuesday, regardless of buys or sales.
Does this mean that the market makers will disregard the buys and sells, and start next Tuesday off with a price of .026 for DSUS? It seems that they're able to do anything they want, so this price wouldn't surprise me.
Last week, I added another 100,000 shares, which were filled in one transaction. As soon as my order was filled, there was a sale of less than 10,000 shares, so the price dropped. Even though my transaction was 10X more than the sale, the stock never went up, only down right after the 10,000 sale.
I'm no stock expert, but it does seem to me that the market makers can do whatever they want regarding share price, thus my feeling that it will open at .026 next Tuesday, regardless of buys or sales.
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