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integral

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integral

Re: johnet post# 94519

Friday, 08/28/2015 12:22:15 AM

Friday, August 28, 2015 12:22:15 AM

Post# of 220934
There is one possibility of a short that I see. During the wash trading between the issuer and their partners, Ill they may have sold stock based on a deposit of a certificate that had not yet cleared DTCC.

That means the customer has an unsettled deposit, and the broker dealer is short the sales against that unsettled deposit. In other words short.

So, funny, but in this scheme, the issuer is short its own stock.

How ironic.
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