(Total Views: 216)
Posted On: 09/17/2019 5:51:58 PM
Post# of 36568
Hey tc, this is from the CYDY board. Apparently there are others experiencing similar late trades:
Posted On: 09/16/2019 4:40:04 PM
Posted By: trding
Re: sjacobs26 #8193
Yes,(for others Ive seen ask on yahoo etc), that is from a MM selling shares for the note holder during the day, they sell short during the day, then settling their books by buying long from the note holder at a 3% or so discount ( notice no trades were at that price today).
The note holder had a second note come due with interest added on. They probably collected all that interest in shares and selling now. Remember they are limited to collecting so much a month per note, but if they don’t collect their monthly lot, they can request more than normal next month. Right now they have been selling 75k-150k per day, that is more than usual, probably from all that.
Posted On: 09/16/2019 4:40:04 PM
Posted By: trding
Re: sjacobs26 #8193
Yes,(for others Ive seen ask on yahoo etc), that is from a MM selling shares for the note holder during the day, they sell short during the day, then settling their books by buying long from the note holder at a 3% or so discount ( notice no trades were at that price today).
The note holder had a second note come due with interest added on. They probably collected all that interest in shares and selling now. Remember they are limited to collecting so much a month per note, but if they don’t collect their monthly lot, they can request more than normal next month. Right now they have been selling 75k-150k per day, that is more than usual, probably from all that.
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