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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Farrar who wrote (3017)10/1/1998 7:45:00 PM
From: Leroyt  Respond to of 9391
 
No, FRAN and NITE did not stop trading which is what I suspected.
Someone posted and estimated that if this were to happen it would take 30-60 days (as I recall).

Here's the listing of MM's at the close today.
You can see NITE is on the BID and FRAN is on the ASK:

BNEZ Domestic

Best Bid/Ask... 0.440 0.460 0 x 0

Bid Ask Bid x Ask Date Time Telephone# Indicators
________ ________ ___________ ________ ________ __________ __________
NITE 0.440 0.490 50 x 50 10/01/98 15:53:45 8002323684 O F
WIEN 0.350 0.480 50 x 50 10/01/98 15:17:51 8008982777 O F
SHRP 0.300 0.540 50 x 50 10/01/98 15:17:04 8003555781 O F
FRAN 0.050 0.460 50 x 50 10/01/98 15:14:00 8006313091 O F
HRZG 0.410 0.530 50 x 25 10/01/98 15:04:28 8009667022 O F
FAHN 0.400 0.510 50 x 50 10/01/98 15:03:03 2124227813 O F
MHMY 0.250 0.500 50 x 25 10/01/98 14:58:15 2014599600 O F
SPIN 0.250 0.500 50 x 25 10/01/98 14:44:34 3037416380 O F
GVRC 0.200 0.690 50 x 25 10/01/98 14:19:22 8887140505 O F
HILL 0.250 0.750 50 x 25 10/01/98 13:53:44 8006313083 O F
TINY 0.063 1.500 50 x 5 09/29/98 09:09:20 6124762666 O F
PBLC 0.063 1.531 50 x 5 09/28/98 09:28:46 8008882325 O F



To: Mike Farrar who wrote (3017)10/1/1998 7:56:00 PM
From: Michael Harb  Respond to of 9391
 
FRAN and NITE are still trading. NITE is on the bid at close and FRAN the ask. I was last trade and bought from FRAN near close.

As far as the number of shares trading. First, Nasdaq and OTCBB shares are counted twice. Once when you sell to the MM and once when they sell to someone else. Second, the same share will trade hands many times. I sold and bought back today. Total of about 15,000 shares. So those shares counted for 60,000 of the volume if none were retained in inventory by the MM's.

mike