OTCPK:MEDVF - Post by User
Post by
LongRun78on Jan 06, 2021 11:31am
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Post# 32233086
Don't know if there is anything to conclude about this
Don't know if there is anything to conclude about this1 500 000 shares cross traded from PI Financial client to another PI Financial client.
| 2021-01-06 11:08:45 | $0.40 | 1,500,000 | $0.01 (2.56%) | 059 | 059 | C |
hummmm... I don't know what to think about that cross trade activity since Canaccord is in the game and anonymous looks to be in trouble, trying to maintain the stock price low.
A portfolio manager can effectively move one client's asset to another client that wants it and eliminate the spread on the trade. The broker and manager must prove a fair market price for the transaction and record the trade as a cross for proper regulatory classification. The asset manager must be able to prove to the Securities and Exchange Commission (SEC) that the trade was beneficial to both parties.
src : https://www.investopedia.com/terms/c/crosstrade.asp