Replies to post #29192 on Mirage Energy Corp (MRGE)

[Airchair]

FYI "T" trades are not unusual and for those of you wondering what the Form T trades represent, here are the FINRA rules for the OTC market:

Form T Guidelines
In July 2011, FINRA announced a new Form T submission process, which is still in effect:

"FINRA reminds firms of their obligation to submit to FINRA on the Form T Equity Trade Reporting Form, as soon as practicable, last sale reports of over-the-counter (OTC) transactions in equity securities for which electronic submission is not possible. In addition, FINRA is announcing a new process for the electronic submission of the Form T."2

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.