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pushin pennies

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pushin pennies

Re: NEIL62 post# 139671

Monday, 06/02/2014 6:46:53 PM

Monday, June 02, 2014 6:46:53 PM

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I just spoke with my local Scottrade broker on a different topic but we got talking about MYEC I asked him if they were going to lift the NO BUY and he mentioned the hold was due to a failure to deliver the certificate from the market maker or whomever is supposed to process them. It appears that ST was selling shares and not getting the certs.

Isn't a failure to deliver what happens when the stock is being naked shorted?
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