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Tibet Pharmaceuticals, Inc. Message Board

  • gladpick gladpick May 14, 2012 4:00 PM Flag


    it is bad enough that TBET may be a scam. But I also wonder about the trading practices of market makers of pink sheet stocks.

    Today around noon when TBET was trading at $.25, I place an order to purchase shares of at $.25 through my broker who placed it with Knight Equity Markets, LP.It did not fill. So I had my broker check the bid ans ask and after checking he said the bid was $.20 (not my higher bid of $.25) and the ask was $.30. That was about 15 minutes ago.

    When I asked him how come my higher bid was not quoted he said that is why it is called a gray market. I guess he meant the market maker does what he wants based on his own motives and there is nothing anybody can do about it.

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