Feb. 3 at 2:59 PM
$NSPR Wonder if Slosman realizes you can not buy NSPR at Fidelity or Schwab without placing a phone call to the trading desk. At Fidelity, you can only sell a Fidelity algo chosen amount of stock . You have 10,000 shares and want to sell at Fidelity? Their system won't do the trade. Call the desk and they too can only sell a few shares at a time. Seriously small amount even if the volume that day is off the charts up. Schwab you can sell, but its the buying that presents road blocks.
SO. You , me. Are in a stock that the first thing that ahppens when you want to buy gets a red flag thrown up. Just like a pink sheet stock. Then want to sell? You cant .
The problem is not the company. The problem is the liquidity that is lacking. There is so little retail ownership that the hedge funds, institutions, private equity, RA's can not get in the stock without moving the market and cant get out when they are in so they 'don't' do either. They cant.
