RE:RE:RE:RE:PAIDRaymond James is just another large firm serving many clients. I don't think you can deduce anything from that.
On the anonymous question; yes, the broker has the ability to submit an anonymous order on exchanges that offer it.
from Investopedia:
"Small retail traders don't need to worry about anonymous trading since their orders have little price impact, other traders are not significantly concerned with other small trader's actions, and most retail traders trade through large brokers where there are thousands of traders so their identity is obscured to other traders anyway."
I think anonymous trading is an option available that almost anybody that is not small retail using a large brokerage would want to use. Some retail brokers offer it too, like IBKR. In any case, retail traders are already pseudo-anonymous, or lost in the crowd.
If you look at the last 25 trades for PAID on thecse.com (Friday, April 9), you see 8 anonymous buys and 9 anonymous sells. 2 of those are anonymous buyer and seller. I don't think you can get much usefull information from that either.
https://www.thecse.com/en/listings/technology/xtm-inc
A few thoughts on the action here. Market cap now is about 37 millionCAD$. All the so-called large investors got in when the Market cap was below 18 million. Insiders & management own 45% of the shares. Large investors here aren't so large. Entry price was small, potential asymetric gains here are large.
Friday volume was about 450,000. Say the average price for the day was 0.425, that's only 191,250$ traded. A few weeks ago saw many days with less than 20,000$ traded. There are no large trades happening here. Nobody selling now is making out like a bandit. I don't think anybody holding a large amount of shares is selling now. A lot of the risk is already mitigated, the company has executed, they have a product and are signing up clients, they are expanding. Most of what we're seeing I believe is just noise. Small trades that mean nothing. Scavengers trying to find their next meal.
I bought a significant qty (avg 0.18$) over a few months last year after they announced the Domino's Canada deal, significant to me anyway. This being such a thinly traded stock I still had to be carefull because my own small orders would move the price. Use limit orders. I think when and if this stock starts getting some real attention it will take off really fast. We got a hint of that after the MLSE announcement. If that happens, warrants will be exercised. Warrant holders don't really have a choice. But I do believe they will hold out as long as possible before expiry. As long as they see upside potential. That doesn't mean that once they have converted to shares that they will automatically sell. Seeing those 25 million in-the-money warrants sitting there gives me confidence. What would give me pause is seeing large amounts of warrants exercised long before expriry. This post was longer than planned. Enough. Good luck!