I don't know where you're getting your information from. I get mine by clicking at the top of this screen where it says HFBV:Quote and then clicking on trades. The AH is never listed as a buy or a sell, its always listed in the question mark column because there is no bid or ask after the market is closed.
The millions AH is always at the low end or even lower than all the trades for the day. I believe it goes like this.. A MM has millions and millions of diluting shares in their possesion from HFBV but hasn't actually purchased them from HFBV, they've simply been tasked with selling the shares and get a cut of the action as payment, somewhere around 5% it seems. The MM sells shares to us little folk all day long, getting as much as he can for them. So say its a very very light trading day and the MM only is able to make 3 sales all day long.
10:OOAM 50000 @ .008
11:00AM 100000 @ .0085
12:00PM 200000 @ .009
Then at the end of the day the MM officially purchases 350000 shares from HFBV at like a 5% discount, pockets the difference, and then sends 350,000 shares off for delivery to our brokers.
So going, with the simple example above, (50,000 x .008)+(100000 x .0085)+(200000 x .009)= $3,050.00 worth of shares sold to us that day. After market closing the MM then officially buys 350,000 shares from HFBV at about a 5% discount on the $3,050. So, the MM records an AH trade of 350,000 @ .0083 which is $2,905.
The MM collects $3,050 from us, gives $2,905 of it to HFBV and pockets $145.
No I can't "prove" any of this, its my opinion which satisfactorily explains to me what I am observing.
