XCPCNL Business Services Corp (XCPL)

[nsomniyak]

I have no idea where 86M in volume came from. However, any sign of life is a positive at this point.

I wonder if some large holder talked their broker into doing a "courtesy sale" so they could capture a tax loss?

Looks like there were a series of trades at .0001 starting at 9:50 EDT. BIG trades, well over a million shares (Schwab can't even show me trades of more than 999,999 shares, and I can't enter a trades for more than a million shares. That suggests some kind of broker-assisted sale by a big holder.

86M shares at .0001 is $8600. I doubt that anyone wants to put even that much into XCPL.

My guess is that the actual trade price was .000001, and we see .0001 due to the limits of the trading platforms retail traders have access to.

The more I think about this, the more I think it is some kind of courtesy sale for tax purposes. Why today I don't know. 86M shares at .0001 is $86.

If I had a friend who had $86M shares of XCPL, and they said "I want to sell these to you at .000001 so I can claim a tax loss. It will cost you $86." I would answer "Sure, as long as you pay me $100 to do it.