Sunday, May 19, 2013 3:39:15 PM
There are so many trades counted multiply times it is not funny. The stock had a chill placed on it and it does not trade through the normal clearing process with DTCC so the trades are physically handled between a buyer and seller and most are with a MM. The MM then completes the second trade when they match up a buyer or another MM.
There are no retail buyer matched directly to a retail seller in other words like there are on Nasdaq and NYSE, so actual volume is significantly inflated. IMO that is why you see all those listed SHORT trades each day and many times a huge after hour trade of 5m or more representing cleaning up of open trades from the day, most likely short covering with shares from the CD holders.
It is not the conversion that is the problem it is the shorting associated with the CD conversion that has been driving the price down. Buyers stepping in will stop that, shorts hate it when longs grab their cheap shares that they were counting on and working so hard at getting.
There were also some conversion limits in the agreement like no more than 20% of daily volume sold per trading session, which becomes meaningless when all they have to do is inflate the daily volume, here you take my 5 million shares, and I will take your 5 million share and bingo 10 million shares traded yet nothing really happen.
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM