The procedure is standard & happens in various stocks on a daily basis & is usually a motivated seller as opposed to a buyer.
1. An instit. contacts 1 or 2 of his favorite instit. brokers & tells him he would like to sell 1 mill. ARU shares.
2. The brokers scurry around to all the likely buyers & see if they can find an offsetting buyer.
3. They find one who says he would pay $7.75.
4. They check the TSE to see what purchase orders stand in the way & report all details to seller.
5. Seller says "what the hell, for .25 i don't care. Go ahead & do it!!"
6. Broker quickly hits all bids down to necessary price & does his cross.
End of story!!
Regards
Joltin