I show the following.
3:22 PM 15,000 cancel @ .135 ... If you have been following the time and sells 15,000 is the magic number of convenient other side fo the trade for over a week now. the bid was .135 x .15 then it ticked down to .13 x .14
3:35 I show a Z with in a sense is a cancel and a delayed posting. Now only 45,000 went of at .109 so this 215,000 irregular is a strange one.
3:53 another 15,000 cancel @ .135
4:05 a delay of 100,000 @ .123 and they dropped the bid to .12
On high volume days this type of major blocks are happening.
Also as of 8-6-99 the DTC report which two shareholders have,I don't, shows that the brokerage accounts had 3,180,800 ... Also the TA stated they only had a certificate for 15,000 come through.
So unless there is something I do not know about nor the TA nor the company the trading today exceeded the DTC reproting for 8-6-99 by 200K shares.
But during the week of 7-29-99 - 8-6-99 the DTC reproting went down 40,700 shares but the weekly trading volume was up to 4,192,700 ...
08/06/99 0.31 0.35 0.30 611400
08/05/99 0.34 0.36 0.34 127700
08/04/99 0.35 0.38 0.34 287500
08/03/99 0.38 0.39 0.30 769800
08/02/99 0.37 0.45 0.36 460500
07/30/99 0.45 0.65 0.38 1229800
07/29/99 0.46 0.69 0.38 706000
Now I am confused on this as is the company. I am learning something here just not sure what. About every 5 days the DTC report is not changing that much but the amount of total shares stated in the brokerage firms on the DTC is trading in the open market.
I am baffled but I think it is clear what is going on. When last week it trading the Total amount of the DTC report I figured the DTC for 8-6-99 would be 4.5 - 6M increase not a 40,700 decease.
What am I missing here? I know if a Reg S or whatever was done then the DTC would show the underlying shares plus the TA would know about it also.
:-)
GB
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