It‘s really difficult to find any logic in this. It looks like stocks are deliberately shown as worthless, even if it‘s not true.
Check out today‘s T&S for TGHI. It’s absolutely epic. Just about everything past trade 28 was cheating. It begins with a quint zero one, which is already a joke, since there shouldn’t be any such price. After that, they cheated 22 times in a row, to keep it there. The 23rd subsequent trade was allowed to pass as regular, but it was obviously connected to the 24th, which was another SEQ, for no apparent reason. The day then ends with one last prank, as there shouldn’t be any Form T trades on the OTC, but there are. Also note the useless transactions of 9,000 shares. This has been going on for months, mostly at 2, when the bid was 1.
To make a long story short, someone turned the entire session into a circus. A few real transactions, ruined by ten times as many shenanigans.
If you‘re asking me for speculation, I can picture two possible explanations. Either someone thinks it’s funny to unendingly offend people by making their positions look worthless, or it‘s some sort of signaling system that allows traders to easily identify no-bid stocks by their price. It the goal is to offend people, it‘s working. It’s clearly manipulative. Real buys are systematically concealed to make stocks look worthless, even when they’re not. The TZ1 trades should always make the price history and be properly recorded. The scheme is not limited to stocks with MMs. It also happens on the inter-dealer network on the Expert Market.
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