Avid Bioservices Inc (CDMO)

[Protector]

cheynew, naked shorting DOES NOT PASS AS SHORTING if one uses a Prime Broker that is different from the executive broker.

With an internet account your broker will block a short order because he sees that you are selling to open.

An executive broker-only only knows SELL and BUY (as does the market). NASDAQ, when they set the breaker inform the executive brokers but they can ONLY stop it if the hold the account. If a primary broker holds it the clearing is done AFTER close and the PB adds sells and buys to calculate the position and calculates the cash difference.

So the breaker CANNOT STOP ALL shorting. However, this is a VERY CLEAR SEC infraction and if PPHM would complain and ask how there could be intraday shorting with the breaker on their stock the SEC would investigate. Question is, does PPHM even know they can complain.