OTCPK:MEDVF - Post by User
Comment by
Sarb99on Jan 06, 2021 1:23pm
209 Views
Post# 32234114
RE:RE:RE:Don't know if there is anything to conclude about this
RE:RE:RE:Don't know if there is anything to conclude about thisA big cross trade is good for Medivolve stock. Here is an example, if this person wanted to sell 1.5 million shares in the open market, guaranteed price probably gone down. Anon could have used this to manipulate and drive down the share price. A
trade of
securities involving buy and sell orders for the same securities which are offset without recording the trade on the exchange. Pre-arranged cross trades are generally not permitted by most exchanges except in specific circumstances. For example, section 633(5) of the
TSX Company Manual provides that a
participating organization may
distribute the whole of a
control block sale to its own clients by means of a cross trade. Established crossing rules require that, prior to execution, all orders that are entered on any Canadian exchange at better prices than the price of the proposed cross trade must be filled in full. If the market is to be moved before execution of a cross trade, the responsible registered trader should be notified in advance.
InvestorIntelli wrote: Can one of you guys please explain to a rookie (me) how that transfer symbolizes Anon is in trouble?