ONCI I lifted this from another unrelated board
Post# of 40989
(Total Views: 397)
Posted On: 10/23/2019 11:35:19 PM
ONCI
I lifted this from another unrelated board & applies to insiders either selling or buying shares.
"Those trades are placed through a broker, not an on-line account. Since it is a 'block trade' the broker tries to execute the order without affecting the market any more than necessary. It can take several days, depending on the size of the block and market conditions. (Works the same way for 'block trade' purchases.) The officer may not have any idea how much he has sold or when. Usually doesn't. When the order is satisfied, i.e., all of the block of stock is sold (or bought), the confirmation slip is issued. Since this is not an on-line account, it arrives by snail mail, as much as a week later.
That's why it's delayed and why it may cover several days. You file when you get the information. The system was designed before high speed trading and also before high speed reporting."
In our case it would be multiple ongoing block buy orders. If so will there will eventually be an official notification. Just putting it out there as a possibility.
tlo.
I lifted this from another unrelated board & applies to insiders either selling or buying shares.
"Those trades are placed through a broker, not an on-line account. Since it is a 'block trade' the broker tries to execute the order without affecting the market any more than necessary. It can take several days, depending on the size of the block and market conditions. (Works the same way for 'block trade' purchases.) The officer may not have any idea how much he has sold or when. Usually doesn't. When the order is satisfied, i.e., all of the block of stock is sold (or bought), the confirmation slip is issued. Since this is not an on-line account, it arrives by snail mail, as much as a week later.
That's why it's delayed and why it may cover several days. You file when you get the information. The system was designed before high speed trading and also before high speed reporting."
In our case it would be multiple ongoing block buy orders. If so will there will eventually be an official notification. Just putting it out there as a possibility.
tlo.
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