DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

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To: Lazarus Long who wrote (6624)	5/17/1998 12:40:00 PM
From: macker	Read Replies (2) of 50264

mm's do go out of business all the time, that is why they are re-regulating the bb market. 1. the mm's will have to cover and close their books before we get on nasdaq, because there will be a new set of mm's by sec defintion alone, that doesnt mean that the old ones cant come back, but they will have a whole new set of rules to follow. 2. they are required to have a cash position that is liquidatable to cover any margin calls just like us. if they cant cover, they are frozen and their assets taken, the other mm's then get to purchase their shares at current market values and cover the remaining short position. 3. the mm's are definitely desparate right now, an i dont believe that all of them were /are aware of nasdaq, but will be soon. macker

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