neon1001uk...15 Nov 2018 09:48
I can explain it to you.The Brokerage House promises to buy x number of these shares at 9p/share,than their brokers ring their clients and offer same shares say at 11p/share and state that the payment for the shares must be made after the 22nd of Nov,the client agrees to buy x number of shares having been told that the prospects of gains are several pence /share in a very short time.All agreed,bingo.These Houses are closely related to MMs as they often help with the supply of shares,especially for shorting etc.They call it "liquidity" for the market.They have not broken any rules as the money has not changed hands until the shares are approved by investors,however mms are fully aware of what is taking place and act accordingly.Stach