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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY

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To: steveK. who wrote (2668)6/15/1999 5:54:00 PM
From: Ronald P. Margraf Sr.  Read Replies (3) of 2909
 
Afternoon Steve & All,

I'm looking for some HELP here. If I'm WRONG I want to be CORRECTED.

FIRST; my understanding was that the MM had/has to show the lowest
bid and the lowest ask. Is that correct?????

SECOUND; my understanding is that you can't short pennies. Anything under
5.00 is considered a penny.Anything under 5.00 isn't marginable. Therefore
you can't short it.

THIRD; also my understanding, to short under a 5.00 stock it has to be aproved
by the Feds. I don't think the feds approved BETT to be shorted.

So folks, help me out here. Please?????

Later,

Ron
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