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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) -- Ignore unavailable to you. Want to Upgrade?


To: Brian Warner who wrote (1236)3/23/1998 12:06:00 AM
From: Steve  Read Replies (1) | Respond to of 1470
 
quote.yahoo.com
Both my brokers have been having trouble tracking Peak on the bulletin board last week. They cannot get ask or bid or volume and then at the end of the day the volume just appears and a closing price is given. I'm not sure what the deal is. Will find out soon.

Let us all start the chant:
"We want banner ads, we want banner ads!!!!!!"

2nd verse:
"Don't spend $200,000 on Computer magazine ads!! Don't spend $200,000 on Computer magazine ads!!

3rd verse:
"No more dilution!! No more dilution!! 20,000,000 shares is enough!"

Billy, you may add the 4th verse. I need to go get some sleep.

In all seriousness, it is starting to look like Peak is getting the act together. Let's hope it continues. I will be contacting my insider buddies that follow this thread with info shortly. You guys know who you are.



To: Brian Warner who wrote (1236)3/23/1998 1:50:00 AM
From: Eric Fader  Read Replies (2) | Respond to of 1470
 
I'll take a shot at it -- corrections and other comments would be welcomed.

There are several different types of unlisted trading. Most OTC-BBs these days trade with real-time bid and ask. The Pink Sheets, published daily at the close by the National Quotation Bureau, list MMs and closing prices only for NASDAQ stocks, BB stocks' MMs with their individual bids and offers, and other stocks that have not been approved to trade on the BB. For the latter, you generally can't get a quote on them in mid-day without calling the MM. I think there also can be BB stocks that are not approved for real-time bid/ask quoting. Finally, there's the so-called "gray market," where you find unofficial and possibly technically illegal trading in stocks that don't have official bid/ask quotes at any time -- typically, the stocks whose trading is halted by the SEC show up here occasionally (RMIL, CENL, GRNO, and others with no official SEC-registered MMs). I think PEAFF is in this last category at the moment -- even though it hasn't been "halted," it never began trading in the US officially, which is sort of the same thing. It's just somehow trading through unapproved channels. WIEN is the only approved MM, and I don't think any of that volume was theirs. If you look up CENL and GRNO, you'll see a little volume listed, and the trades print on Bloomberg's time-and-sales screen, but with no bid/ask. PEAFF is even weirder because there are no individual trades recorded, just the end-of-day volume. Hope this helps more than it confuses .