International Precious Metals (IPMCF) Message Board

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

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To: Wildcat who wrote (33700)	8/16/1998 7:44:00 PM
From: Paunch	Read Replies (1) of 35569

Wildcat, It doesn't quite work like that. If you tried to buy 2 million shares at market, first the brokerage firm doesn't have 2 million shares, they would have to buy 2 million shares from share holders before they could fill your order. In order to buy 2 million shares they would probable drive the price to .50 cents or maybe to $ 1.00, no way to know how high, if to a dollar the average would be about .75 cents,for 2 million shares, that would cost 1.5 million dollars. and if someone tried to buy 2 million shares the price could go much higher, the institutions haven't sold and they probably wouldn't sell at one dollar if they thought the stock was coming back. Paunch

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