I don't think I am mistaken, actually, mainly because with higher volume, you don't see that gap between the 2, so obviously the market doesn't value the 5% fee in the same way you do.
Highest Bid for AM100: 0.04130000
Lowest Ask for AM1: 4.55000000
Sure, you might be able to get lucky with limit orders, but right now you're looking at AM100 being worth less than 91% of AM1. If you actually want enough volume to move an entire AM share, you would take AM100 down to 0.04080001. If you want to move multiple shares, you are SOL.
yeah, sorry, I was calling the BTCT securities AM1 and AM100, I wasn't meaning the havelock ones.
AM-PT lowest ask: 4.446989
TAT.AM highest bid: 0.042600
You could move 5 btc easily on BTCT without moving the price much at all.