Replies to post #26254 on VeeMost Technologies Inc (VMST)

[Plato_]

So I wonder if MMs did a private transaction for the 10,000 share order (I assume a market order to buy) and didn't give the rest of the market a chance to participate and that's why wiping out L2 from .01 to .011 didn't affect the PPS much? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176805593

AI Overview

A "share block" in OTC trading refers to a large, privately negotiated trade of securities, typically involving at least 10,000 shares or a value of $200,000 or more. These trades are executed away from the public exchange to minimize their impact on the market price and are usually handled by institutional investors like hedge funds and large investment banks.

Characteristics of a share block in OTC trading

Large volume: A block trade is defined by its size, with the standard being at least 10,000 shares or a market value of $200,000.

Privately negotiated: The terms of the trade, including the price, are negotiated privately between the buyer and seller rather than being executed through a public exchange.

Off-market execution: The transaction takes place "over-the-counter" (OTC) or through a "dark pool," which hides the trade from the public market.

Institutional participation: These trades are primarily used by large institutional investors, such as mutual funds, pension funds, and hedge funds, to buy or sell large positions without causing a significant price movement.

Reduced market impact: By trading in a private, off market setting, the large order does not shock the public market and cause a sharp price change, which would be the case if the order were placed on an exchange all at once.

Source: Google AI