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Re: MrChip post# 3900

Monday, 01/12/2015 6:10:25 PM

Monday, January 12, 2015 6:10:25 PM

Post# of 6237
MM works an order from a seller who has a block to dump....the MM sells in multiple trades---when the order is complete, he will add the total sales and print at the average price-sometimes with commission included depending on their agreement...

here's a similar scenario from another stock----note the highlited trades add up to the average trade--in this case commission was included in the print(typically 1.5% on the OTC):

#msg-109784485

ps...works the same on the buy side---but that rarely happens...I don't know anything about this ticker-but these type trades are typical of dilution...sometimes you'll see the average leg printed after hours as a Form T trade...

your example is typical of an order that was completed during the market session as it printed before the bell....

GL

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