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Wednesday, September 09, 2020 4:19:05 PM
I believe is is the type of block transaction where a large holder pays a broker to sell a large block professionally, to keep the stock from REALLY tanking. The block is sold throughout the day, and then the summary price (average) prints after hours, as the broker reports the block. So, 0.2079 is that average price of all the sales. (I don't remember the name of this type of transaction at the moment)
This doc isn't exactly it, but close https://media2.mofo.com/documents/faqs-block-trade-reporting-requirements.pdf
BTW, 20 cents was breached for a bit before the close! Almost coughed up my popcorn! Amazing progress!
Still, not one losing shareholder asking "does somebody know something"? Why not? If you own a pink sheet, you live on a one way street. If an indicator supports you, you boast about it, if the same indicator is negative, HIDE!
Remember way back to this morning? lol
There is no after hours trading in garbage grays, but sometimes transactions don't get reported until after the market. So, it was nice to see that over half million share block sold late yesterday at 0.2309, reported after the close!
When a transaction like that happens on a big up day, the pink sheet boards are filled with the mandatory "someone must know something", but in true pink sheet fashion, when it happens on a down day, that theory never gets posted! Typical pink sheet.
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