Whatever all that algo stuff was last week seems t
Post# of 11038
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Posted On: 09/27/2021 1:53:23 PM
Whatever all that algo stuff was last week seems to be done. That was some very peculiar action for an OTC ticker. I can't say I've ever seen such a sustained and obvious pattern with such high volume on a sub-penny OTC ticker. Even more interesting is the timing...shortly after a PR and just before the SEC/OTCM deadline. The fact that it all occurred at .003 with only 10K showing on the ask the entire time was a dead giveaway of an iceberg order block trade with a predefined buyer.
Where those shares came from is an issue I'm not sure about yet. I don't think it was dilution, but I would be curious to know if those were shares held by SSM and .003 was the settlement price that Calissio would buy them back at. I can think of no other reason or entities that could explain the obvious algo action.
If Calissio did in fact scoop those shares back, then this could get exceptionally interesting.
Where those shares came from is an issue I'm not sure about yet. I don't think it was dilution, but I would be curious to know if those were shares held by SSM and .003 was the settlement price that Calissio would buy them back at. I can think of no other reason or entities that could explain the obvious algo action.
If Calissio did in fact scoop those shares back, then this could get exceptionally interesting.
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