Quanta Inc (fka QNTA)

[Dragon Lady]

Suddenly, more QNTA bidders (300k) than askers (10k) — green up 5.8%

Uh...not on the OTC.

Actually, 10K blocks are a BAD SIGN on the OTC when convertible debt is involved. It almost always = dilution selling.

OTC MM's (market makers) are NOT required to "show size" of their order book(s) on OTC trades - thus, when they are diluting large blocks for "institutional clients" aka hedge lenders or the company QNTA etc aka toxic convertible debt it's almost always going to "show" on the Ask as generic 10K blocks.

Those 10K blocks can be 50K shares or 100K shares or even a million shares or more - no one knows.

Look for the MM name/symbol - it's easy to recognize the "diluter" MM's. I-HUB has several msg boards that list and explain who the most notorious "toxic debt" diluter MM's are and what their symbols are on the Level II, etc.

10K blocks is not a good thing in OTC most of the time - they can stack um on literally endlessly and people can smack the Ask of a 10K block endlessly and never see it change or budge, or just another 10K block will rapidly be stacked right on top of it.

It's much much "healthier" to see a Bid/Ask that looks similar to :

Bid 300,000 X Ask 124,000 or whatever

BAD SIGN =

Bid 300,000 X Ask 10,000 (or 300K x 10K) =
Good chance a toxic debt MM likely parked on that Ask and is diluting