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I took lots of .041s today. This is a great company
Good to have you here. Let's get this turd moving finally !!!
Strong bid at 38!
$DOLV @ .0048
MCCU!!
These people are just there every day. Nothing we can really do about it. Other than to see the stock rise again lol
What do you expect?
I was a bit surprised by the T trade
Good to see you on another winning play. I hope you were able to load big time rockman!
You're so right! RJDG breaking .02 again and will then finally see .03 and beyond
Still loaded on ABHI!
Can you please add me to your Skype room? Tia
Looking for multiple pennies here!
Janice here you go. Last post by me on that simple issue:
Re: lowtrade Post# 43675
It is called a "Block Position" transaction, lets say you financed $50,000 to FBEC and in consideration they issued you 100 million free trading shares. Now you have an account with say Scottsdale Capital and have instructed them to sell the shares with corresponding volume. Typically VFIN shows up on the L2 displaying a 10,000 size on a triple 0 stock, as per FINRA Rule 6460 Block Positions will not show true size.
VFIN sells in smaller blocks to retail in an open position "Making a Market" at .0004 although you see 9,000,000 share blocks those blocks are likely a conglomerate of multiple trade transactions. For some reason VFIN likes to do 9 million blocks when selling a large block of shares. Now either later in the day or after close in a Form T transaction VFIN will do a "Net Trade" with a "Markdown" to pull out what they call a "Block Position Fee" it is 1.5% lower than the price sold to the market. This is the purchase of actual shares from the selling customer to cover the open market position sold through the day.
What you see on the consolidated tape is 5 separate transaction of 9 million shares sold at .0004 and a Net Trade of 45 million at .0003. Remember I said 1.5% of the price, the consolidated tape only shows the first 4 position after the decimal, however what is reported to FINRA is 6 places past decimal, the Net Trade price is actually .000394 as reported to FINRA.
So in this case VFIN sold to market at $18,000 and then created their arbitrage for their Block Position Fee of 1.5% and bought the shares from the selling customer at $17,730, netting $270 in fees for that transaction.
Replies:
BigBake1, thanks for clarifying that.
trader guy on 10/10/2014 10:42:12 AM
Not sure we're saying fraud or frog. Like
lowtrade on 10/10/2014 2:30:22 PM
Here's what I had saved from 2011 and
lowtrade on 10/10/2014 3:00:12 PM
Report TOS
Sorry not in the mood to argue today.
And surely no intention to bash as I'm an owner here
Take it easy. T trades are dilution. Simple as that. Ask anybody you like. Could as well be formerly restricted shares now going into the float. So no increase in total share count. Bottom line they have been sold earlier by VNDM or VFIN from a note holder. Just saying
Loaded more 5s
T trade from dilution into the float. Pretty standard when VNDM or BMAK is around
Awesome!
Then I would sell at a dollar or higher. Lol
$DOLV @ .0030
Already way way less. 5k maximum is my guess
$DOLV @ .0025
Nice! Ameritrade still won't let because of dtc chill
VNDM at 10 and no one wants to clear the 3s?
Nice bid on .0010!
Nice chart. A few more quiet days and then breakout
Was VNDM on the low ask today?
Also no t trade today
Still no buyers. It's crazy
189 up. Setting up for nice close
Why is this jumping?
Unbelievable!!
SPCL penny land today!!
Now at 15 lol
Is that you?
Who cares as long as it's not VNDM
2.4m is nothing at 15
Clear the 15s!
Like I said
Come on let's clear VNDM
A DTII kind of move would be a nice reward.
Let me load some 02s first
Waiting for exactly that!
VNDM totally inactive today. Will be interesting if we get a t trade today
And what will happen when we touch 18s tomorrow