This is called a Net Trade or Average Weighted Trade where a financier or insider has a block of shares that they are selling and needs the broker dealer to liquidate them at a negotiated price. The broker dealer sells open positions throughout the day to any buyers at the set price range by the customer, then trades at a price equal to the volume-weighted average cost of the original trades plus a net difference which shows as a commission / block position fee in accordance with a net trading agreement with its customer. That’s why one trade is shown as $0.0001 and the other at $0.00009 (this is the trade that had commission deducted).
These are shares that were issued earlier (dilution) that weren’t sold immediately. These net trades are a frequent and repeated occurrence on SPRV.
This is how it’s reported:
Because the buying leg is a different price from what the broker dealer sold to the market, it is required to report this difference in separate Consolidated Tape transactions. BOTH the original trades and the customer leg of the transaction are required to be reported to the tape.
It is easy to see in this screenshot I’ve attached - the first trade of 2.9M @ .0001, and the second trade of 2.9M with a block fee deducted and printed at @ .00009.
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