Friday, February 04, 2022 4:26:54 PM
Those “avg.” trades hitting the tape are not open market transactions. Somebody is using block position sales to unload a lot of stock. Those are cover transactions by the broker from their client’s block which they were short selling against all day.
Those offsetting legs only print because they are at a different pps then the initial legs. Normally you wouldn’t see them…as it is only double counting those completed trades.
It’s how they sell a lot of stock with out a single large transaction crushing the pps.
Those trades are never a good sign in the OTC…and they have been appearing often.
My guess is George and Sapi are still selling their warrant shares.
Those offsetting legs only print because they are at a different pps then the initial legs. Normally you wouldn’t see them…as it is only double counting those completed trades.
It’s how they sell a lot of stock with out a single large transaction crushing the pps.
Those trades are never a good sign in the OTC…and they have been appearing often.
My guess is George and Sapi are still selling their warrant shares.
"Harsh reality is always better than false hope"
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