SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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

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To: keith warren who wrote (5160)	10/22/1996 9:46:00 PM
From: Mr. Aloha	of 13351

My understanding of the Pink Sheets is you can buy and sell. Like Lief said, it's an old system and it's hard to get your shares executed if volume is heavy. There is so much risk on everyones side. The sellers won't necessarily know what they are getting and the buyers (MM's or others) don't want to get loaded up to fast on a troubled stock. I see today as testing the water. I'm afraid that alot of people might get a really bad price .125-.25 on the bid if they just enter a sell order. If they enter a limit order, these guys might just pass you by and go for those more desperate to get out. AGAIN, I'm VERY surprised that SEXI is trading ANYWHERE. I was under the ASSumption that SEXI had an arrangement with the SEC to halt trading until the audit was completed. It looks like SEXI halted trading on the BB but the lack of AN ADDITIONAL HALT by the SEC allowed the Pink Sheets to trade. To me this makes no sense and shouldn't be allowed. Get rid of the pink sheets and stick with the BB's as the bottom of the barrel. These Pink Sheets will ALWAYS HAVE A TERRIBLE SPREAD ON THE BID AND ASK and ARE VERY RISKY for buyers and sellers. If a company can't get on BB then they shouldn't trading to the public period. The pink sheets are, as someone put it, like trading baseball cards. Todays trading of 609,300 shares at approx. .50? average price = only $304,650. That's peanuts! Just looking at the volume alone, it's pretty obvious that trading was RESTRICTED TO A VERY LOW LEVEL. Remember what the SEC said about KNOWING WHO YOU'RE TRADING TOO? Are we really seeing normal trades here, no restricted stock floating around. Are certain individuals with RESTRICTED STOCK playing games? Who knows what's happening here? I'm enjoying the story...... Aloha

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