International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: BillyZoom who wrote (32818)	6/10/1998 2:18:00 PM
From: E. Charters	Read Replies (2) of 35569

The facts are that an OTC market operates differently than a central market system. They have no central market to suspend. All they can do is stop quotation. A further step is to admonish members to stop trading. This is a serious step. Stopping of quotation is all that is necessary to effectively stop most trading. Even under cease trade orders on regulated markets there still can exist a grey market. The company may have been less than honest when IT said that trading can be done through market makers of which it quoted 3. (There can only be one on the CDN OTC.) Those "market makers" may be reluctant to trade where they cannot get a quote or a bid. They will not BUY the stock that is for certain. EC<:-} Why are you lying here? Looking to dump paper?

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