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Re: None

Thursday, 11/11/2010 4:20:27 PM

Thursday, November 11, 2010 4:20:27 PM

Post# of 14920
The company called me a few minutes ago. There have been really large form t's going off after the bell for the past week or so. The company called OTC to find out the deal with them and was told it's common practice and that financial institutions that are non-market makers use form t's to report larger transactions that actually occurred during market hours. However, since these institutions do not have access to ACT (Automated Confirmation Transaction Service), they use "Form T" to report. So it isn't sneaky dilution in this case (though that does happen), and it isn't any kind of manipulation, it's just reporting of activities post bell by either non-MMs or even MMs in rare cases if they are too busy to print. Just wanted to share with you what the company shared with me. Have a nice night all.