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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Linda Brandt who wrote (5112)10/22/1996 2:44:00 PM
From: Del Eastham   of 13351
 
TRADING IN THE PINK SHEETS. Yesterday, I saw on my machine shares trading on SEXI. It quoted last at $1.61. Called market maker and was told it was not trading, BUT, I saw a full page of trades from $1.58 on. I think it showed 40,ooo shares. I was told my system must be screwed up. but when it was halted, last trade showed $1.21. Yesterday it showed last at $1.61. A broker called me today and told me yes, it was trading in the pink sheets at around .25. I guess the same market makers that traded on the bulletin board are trading it in the pinks. When a stock trades in the pinks, a broker may have to call all the market makers in the pinks, to get a good execution. I called the company, and ask for Marie. They said, " She will be back tomorrow." I ask if Charlie was in, and they replyed, "no". Pink sheet stocks have to be printed daily with the market makers, so price quotes could vary. Some quote systems carry pink sheet quotes.
Del
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