Cytodyn Inc (CYDY)

[kevindenver]

Sure, the definition of a T-trade is simply a trade that is reported outside of the normal market hours and are often nothing special, usually a late trade report or manually executed trade that needs to be reported.

Trades marked as "average" are usually prearranged between 2 or more market participants to move large blocks of shares at a negotiated price such as the volume weighted average of the day.

No big whoop right, a definition is a definition. But... in my experience when an OTC company that use PIPES, warrants, convertible notes, convertible preferred shares as the SOLE source of operating income the use of form T is often a red flag that market participants want to move large blocks without creating a market imbalance. For an equity financed company like $CYDY which is continually selling and diluting new shares into the market the use of form T can help to not overwhelm the bid side and prevent a sell side market imbalance that could drop the price more than participants care to do.

It's not the T trade that is the issue, it's the context in which they happen that needs to be evaluated.