Thursday, October 12, 2017 3:04:53 PM
Here's whats going on:
- RegSHO is a regulation to protect investors from the abusive practices of naked shorting
- To be on the RegSHO THreshold list, a stock must be shorted more than 0.5% of Outstanding shares for 5 consecutive days with failed-to-deliver (close position).
- At 13 consecutive days, the position is forced to close by broker-dealers or face criminal charges.
- We are at 9 consecutive failed-to-deliver trading days since we've been on the list consecutively since October 6th and its October 12th now. The first day this was shorted more than 0.5% was on October 2nd. Which means that whoever shorted this, is LOSING BIG TIME, since price was at low 3's back then before we ran to 0.058.
- per rules, the stock is shorted more than 4.2 Million shares and it needs to close by October 18th. Hence, we will see a high volume day by Wednesday. If shareholders hold strong, this will be a nice short squeeze. Pair that with ever imminent ticker change potentially dropping this week/next week, the short-squeeze & chasing scenario will drive this stock up!!
Hold strong my longs.
$DOLV
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