Stock Decline... BKST - BrookStreet...
posted on
Jun 21, 2007 10:42AM
Brookstreet went under as of yesterday afternoon.
Their going out of business is a surprise. They were a good firm and "friendly" market maker in VytaCorp's stock.
The details of why they went under are not available. I am curious and hope to see some news regarding their sudden going out of business.
It is my strong opinion, based on as reliable information that I can get, that BKST is having or has had to unload their inventories of stock that they, as market makers, have accumulated, without any regard to share price. VYTC is one of those stocks.
With the volume of the stock drying up, I conjecture that the unloading has been completed. What remains might be individual shareholders that may not know what just happened and they panic and sell.
This "fire sale" is unfortunate, but I say with a wry grin/grimace, we have been picking up these fire sale shares.
Kent