One share transactions
I have seen on other stocks one share transactions go off, with me being on the buying end and wondering 'what was going on and why would anyone do such a transaction'.
The rational and logical reason would be the buyer had a sell order in that was being filled and I caught the last one share sold in the sell order. Highly unlikely since my buy order would have to be in just the right place in the order queue and there also would just happen to be one share left over on the sell order.
The other reason for a 'one share transaction' to get executed is that someone is testing to see if there are any other orders not showing between the bid and ask that is showing on the online retail systems. I have seen this happen a few times, the most recent that comes to memory were stock OOAG and SGER, where a one share order was execute. With HYCT I do not think that is likely since HYCT does not seem to show and big or ask prices to the retail online system or even the share blocks on the bid or ask; so running the one share test would tell someone nothing about what was going for pricing. I also wonder how the seller of my one share of HYCT avoided the share certificate restrictions on transfers, unless they were presented to the company and the company declined to purchase or simply forgot to do so within the time limits.
In any case, it will be interesting to see if I can get to see a set of company financials and if I will have to change the ownership from street name to direct ownership with the transfer agent. I hope that will not be needed since I expect it will be somewhat of a chore to get to the right people at TD Ameritrade to get that done. In 'the old days' I would have just requested a paper stock certificate to be issued to me, which would have been by default in my name, but I think paper stock certificates are no longer an available for most companies.
Louis J. Desy Jr.
