Replies to post #4643 on Cyclo Therapeutics Inc (CYTH)

[octagramt]

Either more interest in general or current players getting better transactional offers against their previous MM's they were using. I used to use Direct Edge exclusively until Arca started giving better transnational fee's if I executed my orders through their ECN passively (providing them volume).

[AceSpades]

I dont have any solid reference for this - it was referenced in a stock I was a part of a couple years ago. From what I remember PUMA is not a retail market maker (not alined with any of the brokerages). PUMAs appearance may represent an institution or large player building a position.

Again all based on somebody else research a couple years ago. If I get some free time I'll see if I can dig up some references.

OK - did some quick research:

Looks like GUGS also likely represents a large player or institution.
http://guggenheimpartners.com/services/securities/sales-trading

Looks like all three of these players are smaller shops with limited trading. Probably supports the idea that they are focused on a small client set.

http://www.otcmarkets.com/market-activity/broker-dealer-info

Just some thoughts/assumptions - nothing solid.