Conversion Solutions Holdings (fka CSHD)

[some_extra_dough]

Is TODAY last day for shorts to cover???? If so, can anyone explain the effect of the "close-out" which if I am correct, would be initiated by Monday?? TIA & GL

http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm

"Question 5.5: When must the close-out be initiated?

Answer: Rule 203(b)(3) provides that participant of a registered clearing agency that has a net settlement failure in a threshold security for 13 consecutive settlement days must immediately take steps to close out the fail to deliver position. The close-out process must be initiated no later than the beginning of trading on the trading day following the 13th consecutive settlement day with a net short settlement obligation."