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Tuesday, November 04, 2014 11:22:37 AM
It just sold off a good size set of chunks, equal to over 200K shares at .0171.
It's sitting at .0171 right now according to two other sites I checked, down 14%.
Maybe I-hub ticker feed is still having some tech problem like a few days ago?
What's interesting too, IMO, is it just dumped off a bunch of trades at .0171, down 14%, most in blocks like 20K shares, 10K shares, a 90K share block, then suddenly it prints a 100 share trade going off at .0171? Looking at the OTC site, level II delayed.
Again, who would post a 100 share trade at .0171? That's .0171 x 100 = $1.71 cents worth. Basically a cup of coffee?
It was interesting reading the profile, I believe it was Magna, who said something like (paraphrasing) we can handle clients trading needs via our trading desk, including the ability to make very small, or micro trades as needed, blah, blah, blah. Something like that? I'll have to find it- I'm pretty sure it was in relation to Magna? I read it on one of these recent BHRT "deals" and PR releases or filings, then went and read the profile of the firm involved, and that's what their web page said.
A 100 shares block would sure seem like some pro trading desk or something IMO? I highly doubt some E-trade person or something would be pasting a 100 share sell order, for $1.71 w/ a $9.95 commission, or that E-trade would break a block trade down into increments that small, that they equal a buck seventy one worth? Makes no sense IMO?
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