RE: Share trade types ?5 Apr 2016 11:24
Interesting observation Goldust,
This is the official and very broad explanation
A term used by the London Stock Exchange to denote that certain conditions were agreed between the two participants at the time of trading.
But if you dig deeper and it works especially well with HWC when you go back through the last couple of weeks trades, it can signify the MM has had to negotiate certain conditions regarding the delivery of the physical shares to the recipient. When Paull Felleman was selling and we had 100K and 75K blocks of shares coming to market, there were no C trades. These shares have now dried up and have been bought and are being tightly held. Now the big sells have dried up, the C trades are becoming more frequent again.
This could indicate the MM isn't in a position to deliver the shares in a typical T+3 or T+5 but the trade has still been accepted by both parties on the understanding the shares will be delivered by a certain date (or never, in the hope the buyer sells them before they have to be delivered)
At this point the MM goes cap in hand to see if any of the large holders would like to sell a few.
This is just one reason for the C trade, there are others but looking at the timely appearance of the C trade when the big sells have dried up, I would say WNTS is playing a risky game as the sole MM going short.
I'm no expert and will reiterate, this is just an opinion, but if there is a run on this stock, it could fly and then HWC could release some of the un-issued shares and put a tidy sum in the bank.
HWC have a further 50,000,000 of registered shares they can issue at any time at any price without the need for shareholder approval.
They will not dilute the 80% of shares held by directors and other significant parties at these levels. At just £1.9m mcap, there is room to go 5-10 times current value before issuing shares and the current holders not feel any pain.
Don't forget, the only funding HWC deemed necessary last week was £20K, 6 weeks worth of operation costs.
Something is coming!!!!
IMHO
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