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OTC Market Makers
- Thread starter djholmes
- Start date
Yes ... of course small market makers do it all the time but it is a very tricky game with two inherient problems:
A) The line is very easy to cross in any conversation about what you want to accomplish leaving you open to either a manipulation charge or a conspiracy to manipulate or both.
B) If the market maker smells you are an amateur he will promise the moon (It will trade 20,000 shares a day and my bid will be good for a thousand shares at a buck at all times) and instead of enhancing the market he will dump on whoever has a quote and your 10 cent stock will be 2 cents bid late in day one.
You need a pro. BTW, the Pacific Northwest ... Spokane, Salt Lake and Vancouver have a concentration of broker dealers that engage in these operations. Some of them are legitimate from both a legal prospective and taking a real interest in the company ... but most are scum.
If you have a company with prospects that are real PM me. But if it is simply a piece of paper you need to move save yourself the effort. I have no interest in outright "shells" and, the fact is, we are not in a bull market that makes weak operations doable even by those in that game.
A) The line is very easy to cross in any conversation about what you want to accomplish leaving you open to either a manipulation charge or a conspiracy to manipulate or both.
B) If the market maker smells you are an amateur he will promise the moon (It will trade 20,000 shares a day and my bid will be good for a thousand shares at a buck at all times) and instead of enhancing the market he will dump on whoever has a quote and your 10 cent stock will be 2 cents bid late in day one.
You need a pro. BTW, the Pacific Northwest ... Spokane, Salt Lake and Vancouver have a concentration of broker dealers that engage in these operations. Some of them are legitimate from both a legal prospective and taking a real interest in the company ... but most are scum.
If you have a company with prospects that are real PM me. But if it is simply a piece of paper you need to move save yourself the effort. I have no interest in outright "shells" and, the fact is, we are not in a bull market that makes weak operations doable even by those in that game.
Quote from djholmes:
thanks for you reply. I was wondering would market makers help a company by buying a bunch of cheap shares from the company, and then sell the shares themselves?
Thanks for this information! I have a question for you, can foreign companies list their shares on the OTC market in the US?Yes ... of course small market makers do it all the time but it is a very tricky game with two inherient problems:
A) The line is very easy to cross in any conversation about what you want to accomplish leaving you open to either a manipulation charge or a conspiracy to manipulate or both.
B) If the market maker smells you are an amateur he will promise the moon (It will trade 20,000 shares a day and my bid will be good for a thousand shares at a buck at all times) and instead of enhancing the market he will dump on whoever has a quote and your 10 cent stock will be 2 cents bid late in day one.
You need a pro. BTW, the Pacific Northwest ... Spokane, Salt Lake and Vancouver have a concentration of broker dealers that engage in these operations. Some of them are legitimate from both a legal prospective and taking a real interest in the company ... but most are scum.
If you have a company with prospects that are real PM me. But if it is simply a piece of paper you need to move save yourself the effort. I have no interest in outright "shells" and, the fact is, we are not in a bull market that makes weak operations doable even by those in that game.