Thursday, July 12, 2012 4:51:06 PM
Of course, this misleading transaction artificially inflates the market cap.
Today's snipe trade was made 11 minutes before the close, at a volume of 2500s, raising the cap the 64mm to 98mm.
This $40.00 trade is reflective of some strange activity that seems to be value capture related. This pattern has occurred almost daily for the past 3 months.
Is there a minimum market cap that must be maintained for OTC listing?
If so, than this is a directed buyer.
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