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its a big order alright...but its trading off-market...meaning it doesn't make it to the MM's...and the prices do not reflect the market...its an exchange between brokers... and at eod they report it with the magical form-t...
someone is buying someone out...outside of the market...
market makers trying to a make a profit... they probably put your order as a 0.016...
yesterday 1M shares traded... today 0?
calm before the storm???
lets see what happens in the afternoon...its been getting busy after 2 pm... we also need to wait until eod for the form-t report...
i also believe that the PR will arrive after they conclude the off-market trades...
FRDM posted on pumper board....
http://www.bullseyestox.com/20110112382/finance/frdm-mesaq-blln-erfw-tdcp-stocks-to-watch-at-otc-382.html
we ain't the only ones keeping tab....
maher and associates wouldn't be buying larqe quantities of stock if they knew it would plummet...
Form “T” trades
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55866667
Pink Sheets and “Form T” Trades
Since OTC does not accept pre-market or after-hours trades, an OTC transaction marked as a "T" trade indicates the transaction did meet the NASD 90-second posting rule per above. If the "T" trade appears at the beginning of the day, it indicates the trade was not posted at Pink Sheets before 5:00 PM on the preceding day.
There are several types of "late" reports:
1. Those with a time stamp within a minute and a half after closing are just normal 90-second delays.
Rule 6620.1: OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case, the market maker may have conducted a trade within seconds of closing and delayed reporting it until just after the bell. This delay, which is permitted, is frequently misinterpreted as manipulation.
2. Then there are trades later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots.
a. The first category is sometimes used by financial institutions that are non-market makers to report larger transactions that actually occurred during market hours. However, since these institutions do not have access to ACT (Automated Confirmation Transaction Service), they use "Form T" to report.
MMs are prohibited from habitual "Off Market” transactions:
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to trade larger lots at pre-arranged prices without risk of driving the price upward or downward.
b. The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between themselves and outside the clearing system.
The process used to balance street-side transactions depends on the type of comparison generated and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way.
2. Manually via ex-clearing. Ex-clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settling this way.
720K volume!
2PM activity kicking off again....the dude
thanks...seems like a good value play...i will catch up with the posts in the board later...the dude.
the company seems to have strengthened in 2010...but pps fell from $3 to $1....why?
hey guys, purchased some CKGT few weeks ago. could someone bring me up to speed with recent developments? thanks....
the dude.
the early down-tick was suspicious... someone sold below the bid...
you can't bet wrong when your interests are aligned with the insiders...
they might want to buy us all out!!!!
in fact... the more it happens the higher this will move i think...
maher and associates could end up with a big stake in FRDM...
the parties get together after-hours and exchange at predetermined prices... that is a certainty...
and its bullish....others are taking notice...
the vamp struck again....
god knows how many shares are left behind after the vampire sucked them out....
exactly...as time passes the probability that it will happen tomorrow compounds...
news is coming soon....the dude...
news is spreading....the dude
somethings cookin'
the dude.
nice uptick....dude
dude...that was a sell transaction...someone hit the bid that's all...that does not constitute dilution...
the dude.
nice open.....
but...nobody bought it....lol
the dude
thanks...take it easy...
the dude.
paying maher under the table???
well, they keep hitting the ask...
this is the plant that maher failed to make a payment on:
http://www.theledger.com/article/20090521/NEWS/905215052
Maher said he spent "north of $8 million"....
this wasn't your ordinary deal here... we got the upside... you'll see...
completely agree with you... lets see what borish and maher have in store for themselves (and us)... the dude...
lots of buying today....
they were trying to fly this one under the radar...
he's likely one of our vampire buyers... looks like this deal is all about transferring assets to FRDM and leaving clean fuel llc an empty shell... which will probably go bankrupt soon...
never heard of Lee Maher until now... whats the FRDM connection???
the dude.
impossible to know...
the only recurring theme here is the lack of PR's on good news...
yep, this is good news... we need that PR to confirm how much value was added...
the dude
it seems that clean fuels, llc is in trouble after failing to pay a promissory note to the tune of $6.75M....
http://docs.justia.com/cases/federal/district-courts/florida/flmdce/8:2010cv00628/242811/40/