BlockQuarry Corp (BLQC)

[artisang]

That is typically the way debt conversions take place. They exercise their options at the lowest possible price (because the options are for a set dollar amount), thereby acquiring the greatest possible number of shares. Maybe I'm just stating the obvious ...

When you see large blocks selling below the bid it's typically a conversion. Often the options are written to allow the debt holder to acquire "x percent" below the average "x" days bid price.