NanoTech Entertainment Inc (NTEK)

[shajandr]

shajandr
Monday, 10/07/13 07:45:10 PM
Re: None
Post # of 6344

That trade was a Form T trade - an afterhours reported exchange - nott a trade done after the bell. You see this frequently in penny stocks. It is usually the insider transferring a block to a broker who has been working the block synthetically from his own account (i.e., shorting against the box knowing the insider block will be traded to him).

Here's a way it can work. Insider wants to sell a 125,000 shares. His broker says "I'll work a 125,000 share block and see how much I can dump into the market using my house trading account over the next 10 days - then we'll report the formal transfer of you block to my house account at the WVAP over that timeframe for the shares sold (or a discount to the WVAP). I'll take a 30 percent rip of the gross proceeds and you'll get 70 percent."

So in pennystocks, single large blocks that are REPORTED after the close as Form T trades are often insiders true-ing up accounts with a broker who has been selling that block synthetically for some prior time period. If they were able to dump the whole block volume by the deadline, you often see round numbered blocks - like 125,000. If they were only able to sell part of the block before the deadline, you often see irregular blocks - like 118,200.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92768594

In the case of NTEK, just add one or two zeros onto those numbers - that was from another ticker (now defunct - as NTEK will soon be).

Here's another, this time from this board:

shajandr
Wednesday, 10/28/15 05:29:04 PM
Re: squeak1 post# 329436
Post # of 336092

A T-trade is where a broker is squaring up the house account with a big block he was working to sell during the trading day - the price is the VWAP of his trades for the block owner during the day. This is how insider blocks get dumped.

Always watch the usual suspects for insider and toxic financier dumping - blocks being worked by VNDM, CDEL, VERT, VFIN, WDCO, BRKT, or BMAK.

The T trades are end-of-day squaring of house account trades with a transfer from the seller's block at VWAP for the trades (sometimes with a discount VWAP, sometimes with a rip taken the gross proceeds).

So those 3.3 million shares were the amount SOLD today from a big block the MM is selling during the day from their house account and then flattening with the client seller block at the end of the day using the VWAP for the sales they made during the day.

Just more evidence of massive dilution and insiders/toxic financiers dumping shares into the market as they can from conversions of aged debt (so the shares are issued free trading and without restriction). In this case, it was Foley's Royal Capital Group dumping newly issued free-trading shares from a backdated floorless convertible note.

HTH.

The Death Spiral is inexorable. Unstoppable. The debt pyramid triggers the share printing explosion. Endless issuances and selling - dilution.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118072619