Diamond Entertainment Corp (Previously DMEC) Message Board

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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC)

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To: mulla711 who wrote (4241)	6/3/1999 12:34:00 AM
From: Richard L. Williams	Read Replies (1) of 6957

So if we count the inside spread transactions as sells, then we have 1.2m sold to 1.9m bought, or another 700,000 share deficit for the market makers. Seems as though a few days of this, and something has to give. I realize that MM's have mighty deep pockets, but when exactly do they plan to cut their losses? Right now, the MM's seem to be betting that the market will lose interest when the website is not forthcoming. I have seen this phenomena with other pennies, the websites ALWAYS take longer than the company was first told, and the market blames the company for lying, when it is the website developer's fault. If this happens to DMEC, then the MM's will be VERY richly rewarded for their patience and stubborness. But for now, the beat goes on. Cheers! Rick

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