Large Blocks AH or Late Day are Prearranged Settlement Trades
Those late day and after hours large single block trades, like 10m yesterday are not Dumps or a large willing buyer snapping them up, they are settlement trades.
MM are working for their client which in our case is the CD holder that must sell shares to raise cash from the convertible debenture agreement with PVSP. The MM will sell shares throughout the day and in this case that means they will SHORT the shares for the most part, during normal hours and at the end of the day or at 16:01 AH they complete the Short Covering Settlement trade with the CD holder.
The real volume yesterday was nothing close to 20m shares, when 10m was just taking shares from one hand and passing them to the other hand, covering the daily short trades.
Time and Sales for Pervasip Corp. (PVSP) Jul 17, 2013
Symbol:
Time Price Volume Market
07/16 0.0024 115000 OTO
07/16 0.0023 10000 OTO
07/16 0.0025 50000 OTO
07/16 0.002 10494645 OTO
07/16 0.002 100000 OTO
07/16 0.002 1000000 OTO
07/16 0.0021 100000 OTO
07/16 0.002 250000 OTO
07/16 0.0021 46000 OTO
07/16 0.0021 1000000 OTO
07/16 0.0021 200000 OTO
07/16 0.0022 600000 OTO
07/16 0.0022 50000 OTO
07/16 0.0021 10000 OTO
07/16 0.0021 100000 OTO
07/16 0.0021 200000 OTO
07/16 0.0021 5100000 OTO
07/16 0.0022 25000 OTO
07/16 0.0022 10000 OTO
07/16 0.0022 30000 OTO
07/16 0.0023 200000 OTO
07/16 0.0023 50000 OTO
07/16 0.0023 34000 OTO
07/16 0.0025 22659 OTO
07/16 0.0025 500000 OTO
07/16 0.0025 100000 OTO
07/16 0.0025 250000 OTO
07/16 0.0025 308000 OTO
07/16 0.0024 100000 OTO
07/16 0.0025 50000
