Seems like you usually see T-trades in two situations. If a company is diluting and dumping shares into the market you will see T trades sometimes for several days in a row.
When a larger entity is buying up shares and they want to keep it on the quiet, they'll buy blocks of shares throughout the day and then average share price will show up as a T-trade at the end. Frequently the purchase price in this instance will be an average of buys, say at .365, .37, .39 and .38. They'll average the prices of all the blocks to something that did not show up during the trading period. Here's today's trades. Looks like the averaged them:
16:02:54 0.377 37100 OTO 15:59:57 0.38 500 OTO 15:59:09 0.37 4761 OTO 15:56:45 0.38 206 OTO 15:47:47 0.38 5000 OTO 15:07:02 0.38 700 OTO 15:06:51 0.38 5000 OTO 14:23:37 0.395 500 OTO 14:01:49 0.39 100 OTO 14:01:10 0.39 5350 OTO 14:01:10 0.39 7900 OTO 14:00:39 0.395 250 OTO 14:00:21 0.395 1000 OTO 14:00:07 0.398 9000 OTO 13:59:55 0.40 5000 OTO 13:59:50 0.40 2000 OTO 13:59:36 0.40 2000 OTO 13:36:19 0.398 8000 OTO 13:34:21 0.40 35000 OTO 13:30:27 0.398 3000 OTO 13:25:16 0.40 5000 OTO 13:23:42 0.41 500 OTO 13:23:39 0.41 1000 OTO 13:23:31 0.41 10000 OTO 13:23:24 0.40 5000 OTO 13:17:43 0.40 1100 OTO 13:17:02 0.40 5000 OTO 13:16:55 0.40 6900 OTO 13:16:01 0.398 5350 OTO 13:16:01 0.398 10000 OTO 13:04:36 0.395 550 OTO 13:03:53 0.395 5000 OTO 13:01:45 0.39 2100 OTO 12:56:24 0.381 200 OTO 12:56:19 0.383 250 OTO 12:47:50 0.395 5000 OTO 12:42:07 0.395 500 OTO 12:33:12 0.385 5000 OTO 12:22:38 0.37 5000 OTO 12:10:28 0.37 1000 OTO 11:27:21 0.39 10150 OTO 11:25:41 0.37 1800 OTO 11:20:09 0.38 375 OTO 11:20:04 0.38 8000 OTO 11:18:09 0.38 1625 OTO 11:18:02 0.38 4875 OTO 10:45:47 0.38 125 OTO 10:45:42 0.39 10000 OTO 10:31:30 0.37 3239 OTO 10:20:23 0.37 7000 OTO 10:17:14 0.356 5000 OTO 10:13:56 0.38 161 OTO 09:42:41 0.38 6000 OTO 09:38:03 0.38 5105 OTO 09:36:40 0.38 300 OTO 09:34:05 0.39 2300 OTO 09:33:03 0.39 6000 OTO 09:32:46 0.39 7400 OTO 09:30:44 0.39 12750 OTO 09:30:10 0.375 350 OTO
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