InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: Cassandra post# 1546

Wednesday, 09/10/2014 6:21:03 PM

Wednesday, September 10, 2014 6:21:03 PM

Post# of 6398
TNKE Form T: 908,000 shares @ $.0040. These are shares that were traded during trading hours but the MM withheld reporting until after trading closed to avoid detection of bulk selling. It is a continuous pattern with TNKE stock.

The closing share price was painted up from $.0038, a new all-time low, to $.0046 with a purchase of 10,000 shares ($46). The bid and ask at the closing appear to have been manipulated up.

The VWAP was $.0041 both for volume during trading hours and total volume when the T-trade is factored in (rounded from $.00407).

Form T trades that are at, near or below the LOD and are large compared with daily volume are often indicative of dilution to a company's float by a financier or insider.

I began reviewing the daily trading data for TNKE on 8/28/14. Seven of the nine trading days since then have had very large, low-priced Form T trades reported. I suspect this trend had been occurring for months.