Papa, after seeing the regularity of these AH trades, I believe there is only one plausible explanation:
Selling of stock into the market by PIPEs, Reg D 504s, “consultants”, and other large holders
And here’s the spiel:
The chosen MM or MM's are allowed to sell a certain amount of shares per day based on volume and agreement. At the end of the day the accounting is squared up and will show as AH informational trades that appear typically between 16:05 and 16:25. They will always be large blocks but typically never larger than 9,999,999. These shares were actually bought by the MM's at the price you see AH. The shares could have been sold at any price.
There are some variations to this but that is the general way it flows. You will also see these large AH blocks on stocks that are using other forms of dilution.
This has happened on several pennies I’ve followed and it was like clock work. As soon as the seller was done the AH trades disappeared completely.
These are shares that typically are fresh from the TA (added to the O/S).
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
