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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: findstock who wrote (27948)5/12/1999 5:23:00 AM
From: Gordon Owen  Read Replies (1) of 44908
 
Suppose TSIG declares a "dividend" of a music card for each 10,000 shares. Cost would be minimal: printing and postage. One result would be sales from those most likely to buy: us! Another possibility: several posters have noted large block sells near end of day and, last week, an apparently unlimited supply at ask of 33 cents so that huge demand and resulting volume somehow didn't cause ask to go up. Could be an unethical MM shorting with no intention to cover the short.
(Please, no posts on "you can't short a BB." You can't, and I can't, but MMs can and it's even legitimate if they cover. Trouble is, they're not regulated even by self-regulation like NASD.)
Could someone knowledgeable in the mechanics of such things address whether the process of distributing a "dividend" would identify any holders of "phantom shares" bought from an MM who was simply putting the 33 cents in his pocket?
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