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236T568

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Re: cowtown jay post# 345953

Monday, 03/14/2016 2:29:04 PM

Monday, March 14, 2016 2:29:04 PM

Post# of 346918
huh?

According to the SEC, after spending 1 1/2 years investigating SPNG and reviewing the data, there was never a significant naked short position in criminal enterprise SPNG, so how can you claim that Penson was very short the stock, enough to cause a short squeeze?


Penson Financial, our primary clearing firm, that was subsequently charged with naked shorting, would have had huge financial exposure in the event that a short squeeze was triggered, given the existence of reported Fails to Deliver.
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