The "After the Bell" Form-T Prints you are seeing are 99% of the time, Convertibles. They have to be sold according to a specific % of the Average Volume and Average Price, sometimes the average price is based on a 5-10 day trading period, the amount of shares they can off is usually based on the daily Volume. There is a Very Slim chance that these are not Convertibles, but I seriously doubt it. In all my years of Trading, what we are seeing is most likely convertible debt being paid-off. Please don't jump to conclusions, This is "My Opinion" based on many years of experience. If anyone does not want to agree with my post, that is fine, you have a right to disagree, Just "Keep Things Cordial" on this board, Period.
This Used to be on the Michelex Website, but I cannot find it anymore, maybe they took it down after a while so it would not spook people away? I don't know. This is what it used to say below, now the same date has taken out the details, heres the old version, (This could very well be where the Convertibles are coming from);
July 1, 2010 - PPC ACQUIRED MANUFACTURING ASSETS
PRISTINE PHARMA CORPORATION HAS ACQUIRED THE MANUFACTURING ASSETS OF A LIQUID & SOLID DOSE PHARMACEUTICAL COMPANY. MORIAH CAPITAL LP, A BOUTIQUE FUND IN NEW YORK HAS PROVIDED $3.5 MILLION FUNDING FOR THE ACQUISITION, WHERE IN PRISTINE PHARMA CORPORATION HAS SIGNED A 3 YEAR MANDATORILY CONVERTIBLE PROMISSORY NOTE IN FAVOR OF MORIAH CAPITAL
