this is dumb so the bids over .001 are being taken what is the point of an IPO?
they arent being taken, but they represent a smaller volume than they could if they were @ 0.001
It sounds like they are being taken... someone just said that they are accepting a ratio of it, so please explain how your statement of "they are not being taken" is correct
only the volume of them counts, they add up all the shares @ 0.001 and above to get the ratio, and then all of them are multiplied by that ratio, and everyone gets shares @0.001, but if you have a bid over 0.001, then you "lose" shares, as you could bid for a higher volume @ a lower price.