Cyanotech is on Scottrade's "Suspicious Trading" list which prevents investors from making on-line trades in the stock. I have been unable to get an answer from Scottrade as to why CYAN is on this list. I've also contacted the company to inform them of the situation. Regardless of the reason, this doesn't shine a good light on the company or provide comfort to potential investors.
all discount brokers have that list, I opened an account with ameritrade specifically stating that if they block any trade, I will close my acct. They did they deal. I told scottrade , ameritrade was going to negate list, they said fine, enjoy ameritrade.
The SEC is going to look long and hard at that as soon as they get the opportunity, it is my belief. Scottrade is at the whim of the market makers who want to make a spread on every trade.
CYAN has risen slowly and steadily due to several profitable quarters in a row after too many losses. I have no idea what Scott is talking about but I see nothing in CYAN reports or stock volume that worry me.