NanoTech Entertainment Inc (NTEK)

[shajandr]

Form T block trades are usually insiders dumping - in this case most likely David Foley who has 25,000,000 shares that came off restriction after the 12 months anniversary on 20 February 2014.

Insiders or their nominee accounts holding large blocks of granted stock find a broker to work the block. During the day, the broker sells short into the market as best he can during the day (or over multiple days) and then at the end of the day (or period) the broker's account is flattened by drawing the number of shares from the insider/nominee block and journaled into the broker's name and reported as a Form T trade with the price usually being the VWAP of the broker's short sales (sometimes plus a discount, depending on the broker's rip).

Form T block trades in penny stocks are most usually insiders dumping using a broker to sell short during the market and then square-up the account after hours by transferring the requisite number of shares from an insider block into the broker account at some formula based on VWAP or otherwise relating to the average sales price for the short trades.