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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: Maximum_Gain who wrote (10858)	10/31/1999 9:22:00 PM
From: Alan Coccio	Read Replies (2) of 10903

I've been watching and just can't believe what I've seen happen with the market makers and the price manipulation that has taken place. The stock price on October 14 was .014 bid, .020 ask. Considering the 1:25 reverse split that began with trading on the 15th, the opening price should have been roughly .35 bid, .50 ask. I say "roughly" because the market makers can set the price where they wish based on order flow. It was fairly apparent that the market makers didn't have a clue that a split took place since the opening trade on the 15th was for three cents. On the 19th they caught up with the news and opened at 50 cents. On Monday the 25th is when the funny stuff began to happen. On a volume of only 43,900 shares the price more than doubled - from an open of 54 cents to a close of 1.125. The next day, on only 50,500 shares, they took the price to 4.50. This is not what I would consider an "orderly" market - not by any stretch of the imagination. If this was a third world stock market I would expect these shenanigans. (The OTCBB does resemble a third world market many times come to think of it.) Now why do you suppose the market makers would run the price to 4 1/2 bucks on minimal trading activity? I probably shouldn't answer my own question here since I'd be stirring a pot that prefers not to be stirred. I suppose the resultant TPIID outstanding stock figure is 1.7 million as has been stated here. That's a difficult number to pin down though. Consider also that TPIID is now just a shell company. A shell should sell for a minimum of about $40K and as much as $200K if all reporting requirements are up to date. Let's take the higher number in this example. $200K divided by 1.7 million shares makes the value about .1175 per share at best. What do you think the shares are going to be priced at once a bunch of large shareholders get done selling? Yup, you've got it. Right now (Oct 31, 9:15pm) the price is showing 2 7/8 bid. Something tells me this may be a number some will look back on and wish they had taken while it was available. On a lighter note, it's sure great to see so many familiar names back here. I hope you've all been doing well. Alan Off Topic: Take a look at UIBI. They were on the Emerging Company Reports TV show this weekend and they had an interesting news story released Friday. It's at .17 X .21 - the same as when I bought in Friday afternoon. It might make a move based on the publicity.

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