Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Mike Sawyer who wrote (2475)	12/14/1998 6:15:00 PM
From: Tom Brown	Read Replies (1) of 3129

Thanks Mike. The person who wrote the above mail to GNNX is an investor, is a member of the email group, but is not a member of S.I., so could not post it herself. It was dated December 9, 1998 and she has not received a reply. I have several questions for anyone who believes they can help. What would happen if one or more market makers (m/m) decided to get out of handling a specific stock? Because they make their money on the difference between the bid and ask, and need serious volume to make a profit, how would they get out? Would the Company buy them out, or would they just sell at any price to unload their inventory? If they just sold at any price, wouldn't the price plummet quickly? Who would get hurt the most in the long run, the m/m or the investors? Would it be possible that the Companies management would step forward and try to buy the m/m out at their cost, to prevent the price from plummeting? Have we just seen something like this in the last 7 trading days? How does one account for the high volume on December 7?

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