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To: GARY P GROBBEL who wrote (71092)	1/30/2008 7:39:20 AM
From: rrufff	Read Replies (2) \| Respond to of 120417

Hi Gary - On OTC BB, roger is right. They are supposed to honor the bid for the minimum number of shares. I've never had a problem. I've asked the broker to speak to the trading floor and find out "why" or spoken to a supervisor. The moral is just don't take "no" for an answer. On pink sheets, there is no minimum number of shares, but on OTC BB, there is, depending on the price. He should have gotten filled for 2500 shares. On pink sheets, you can get a fill for 1 share or 5 shares, and that's the way they get around the current rules. As for the bigger picture, you are certainly correct. There is a proposed change to the pinksheets rule out there, which would require MM's to give best execution to the customer and I think there is still time to comment to the SEC. I'd urge all traders to check this out and comment. Anyone who trades as more than just a casual hobby, really should become an activist on these issues. The rules are pegged for the money players, money talks, and all that. But, each of us can make a difference, merely by expressing an interest. We should have the real numbers, not an arbitrary 500 shares or 2500 shares, etc., which is allowed on OTC BB. There is no reason whatsoever, with the technology available today, that the best bid or ask is not honored and not displayed. There is no reason that we do not know what is out there for sale or to buy, real numbers for shorting, failures to deliver that don't close out in short periods of time and get hidden in the maze of exclusions, etc. LOL - don't get me started.

To: GARY P GROBBEL who wrote (71092)	1/30/2008 10:13:35 AM
From: Todmohr	Read Replies (2) \| Respond to of 120417

Hi Gary.. The MMs on the OTCBB are amazing as you noted.. Look at PHPG the day after it announced great news regarding a big order.. If I remember correctly over 70 thousand shares traded and the stock closed roughly unchanged.. On that kind of volume and news you would think the stock would have had quite a nice move up(considering the float and normal daily volume).. Instead it appears someone was "allowed" to buy a large position in the 375 area..Conversely today..on only 1200 shares you see the action.. The MMs do whatever they want to down here.. or so it appears.. Hope you are recovering from your recent operation and physical issues.. Best Tod

To: GARY P GROBBEL who wrote (71092)	1/30/2008 3:33:23 PM
From: rogerover	Read Replies (1) \| Respond to of 120417

"elm...things on the otc bb with mm's are not like Nasdaq. They don't HAVE to buy anything...even if they are posting a bid and size." Just to expand on rrufff's reply... MMs can be, and are, fined for failing to honor posted bids and asks. I think it's something like $10,000 per violation, and the various newsletters that cover the SEC regularly carry blurbs that name names of the firms that are fined. If there's a bid for 2500 at a given price on the OTCBB and you put in an order to sell 2500 or fewer shares at that price or lower, they MUST honor it. No buts. Occasionally they may say "you're too late, we just filled someone else in front of you and didn't have time to update our quote," but that's another story. They are required to update their bid within "x" seconds, I forget how many. On the OTCBB, if you put in an order to sell 8150 at that price, they can fill 2500 and then drop their bid. If you put in an all-or-none order, they don't have to do anything.