How do 7,000,000 shares get traded after hours at the closing stock price
posted on
Dec 24, 2008 05:16AM
Can you research and answer the following question.
How can 7,000,000 shares be traded on the OTCBB after hours at that days closing price? (LGDI sold 7M shares after hours last night)
If someone were to accumulate 7M shares on the open market, the stock price would be driven up like wild. How does someone pre negotiate a deal of such large volume as a private sales, yet under the auspices of the OTCBB?
It almost seems to smell of pricing collusion. Is this a common practice on the BB's.
