You’re seeing a series of matched trades around 8:00–8:12 a.m., all at $0.0002.
The prints are broken into odd blocks like 199,056 / 300,944, which looks algorithmic not random retail orders.
The stepping sizes and paired prints (500K in two parts, 1M in two parts, etc.) suggest an institutional execution or internal crossing being chopped into smaller Form T reports.
This is allowed even though OTC stocks don’t have a centralized exchange, market makers and ECNs can execute orders before 9:30. Those trades must be reported promptly to FINRA, which is why you see them labeled Form T. The aforementioned allowed because FINRA rules require all trades to be reported, even outside hours. Brokers can still fill institutional or negotiated orders pre-market.
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