Southridge Enterprises Inc (SRGE)

[stervc]

janice shell, with the "Short Volume" info...

I spoke to FINRA too. That amount of shares that are referenced to being previously shorted before actually being sold is the "Gross Naked Short Shares" that's part of the "short volume" data. I think you have it wrong. The "short interest" data is basically meaningless as per FINRA as it is not complete data. The "short volume" data is complete.

I do understand that when the Market Maker (MM) sell shares of SRGE into the market, but allows them to transact to exist within our brokerage account, they are doing this while leaving that position unclosed. Although this is the thought and the MM does not initially take possession for uncertainty of being able to sell the order into the market, this situation is the actual Naked Shoring that takes place.

The thought is that these positions will be closed out minutes later, but some of them do not get closed out as a disparity exists between the Custodian of Accounts within the brokerage companies which is why you have brokerage companies like Ameritrade that now only allows you to sell shares previously bought in SRGE, but they will not allow you to buy shares of SRGE. I think I will elaborate a little more about the Ameritade situation as to how NITE comes under consideration.

Still, there's more. There's a "Part 2" that was left out of the equation of your post which is the SEC Net Naked Short data. The difference between the two (the FINRA data and the SEC data) is the actual amount of Gross Naked Short Shares that were actually covered. The net is the difference that was left not being covered reflected within the SEC database.

v/r
Sterling