What I've observed and studied in AMFE's trading over the last few weeks, leads me to believe the out of sequence large block trades, are for a large investor, like an investment bank.
This is just speculation on my part, but it aligns with my belief of AMFE working with a sponsor in preparation for their uplisting to OTCQX.
An investment bank doesn't buy shares the same way a retail investor buys through their brokerage accounts. They go directly to a market maker.
The market makers then collect shares throughout the day at various levels in order to fill these large orders from investment banks. Once they've collected enough shares, they fill the order at an average price and this is when we see those large out of sequence trades.
They've been happening consistently over the last few weeks.
We even had one print after the market closed for another 300K+ shares as everything gets settled for the day.
This partially explains why we're seeing shares absorbed at the ask AND the bid without any change or movement from the position these trades occur. This is the market makers balancing a delicate dance in order to follow the directives they're given from non retail entities.
The non retail entity or entities don't give carte blanche on their order, they'll set parameters and let the market maker go to work. The market makers, if working to fill some sort of non retail or institutional investment order, are keeping the price movement in a very controlled steady manner, to accomplish what they were ordered to do, within the parameters of the directive they received.
Rocketstocks has pointed out his belief that there is large investment working to buy in, but in a controlled manner so as not to make the share price rise too quickly.
I've just tried explaining why I also believe this, in a more detailed technical way.
Hopefully this makes sense to others. If I haven't explained it well enough, just know that this entire overview of the process, is working very much in AMFE investors favor. And it's quite bullish!
Go AMFE
Rec
