1) covering "buy" for short sales against a block position 2) trade reporting delay for a trade near the close 3) after hours trade.
2 and 3 usually occur at a pps tick point at 4 digits.
1) occurs at an "odd" pps usually 5 or 6 digits as it is usually at 98.5% of the average of he sale price for the trades against the block. It is usually occurs/reported right at close or at least within 10 minutes.
Whether it is a note holder or sophisticated trader...it is done from large positions directly though a B/D.
And in the OTC it is mostly dilution. But not always and many like to hang their hat on the exception, rather than the rule.
Yes, plenty. I've had my own All-Or-None orders go through as T-trades in the past. If the order is large enough that it can't be executed / reported promptly, it can be reported as a t-trade. The fifth digit is indicative that these are reported as an average, which means very likely All or None orders. Somebody buying or selling on the quiet.
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