Replies to post #6461 on Phoenix Rising Companies Inc (PRCX)

[tradersam1]

?

[lvald13]

That means nothing, there are no t-trades/after market trades in OTC market. What happens is that unlike NASDAQ or NYSE, MMs in OTC can make any transaction during market hours and not disclose it until after market closes. They can actually combine several transactions that take place during market hours and show you a single transaction with the total number of shares when market closes. They supposedly do it by matching bid-ask prices between parties that "do not want to affect the market price" but we know that's bull shit, they use that excuse to manipulate the stock, and keep the trend they want the stock to follow...lets say the stock is in downtrend and there is a big buy coming, that can cause a whale effect if the rest of investors see the transaction, so they do it but don't show it to you so price keeps coming down...if price around that time was 0.05 and the closing price is 0.07 you will see after hours a "t trade" at below the bid for around 0.05...do you get it?

[DaReal]

Yep, lately it's happening almost daily...

What Is Form T: Equity Trade Reporting Form?

Form T is an electronic form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours, before the market opens and after it closes. Form T must also be used to submit last sale reports of over-the-counter (OTC) transactions in equity securities, for which electronic submission is not possible. The objective of the Form T report is to maintain market transparency and integrity.

Form T Filings: Some Lessons

In the OTC market, Form T trades are mostly the result of accumulated buys or sells handled on a not held basis by block desks, otherwise known as 'late prints.' They have nothing to do with short-selling. Large blocks of shares may not all be sold in a single day, so a broker or market maker would file a Form T for the remainder of shares listed at the average price that day's shares sold for as if they all had sold. If all the shares had sold in that one session, the transaction would have been recorded normally.

And investor sometimes can tell if a Form T transaction is by a buyer or seller by looking at the price the trades were entered at. If entered at the lower end of the day's range and the shares were under pressure, it's likely a seller. If entered at the high end of the range, and shares were surging, it's likely from a buyer.

https://www.investopedia.com/terms/f/formt.asp