Aqua Metals Inc. (AQMS): Derkampfer, the SEC presented Rule 201,...

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Re: derkampfer post# 68

Monday, 04/24/2017 8:22:32 AM

Monday, April 24, 2017 8:22:32 AM

Derkampfer, the SEC presented Rule 201, which was part of the amendments to Regulation SHO. According to the rule, a short sale related circuit breaker, when triggered, will impose a restriction on the prices of a security (AQMS) may be sold short. Part of the reason for the adoption of the rule is to prevent short selling, including potentially manipulative or abusive short selling. As we all may know, the 2008-09 crisis has caused the stock market to crash. Heavy short selling has caused securities to slipped further as those securities already experienced significant price declines.

https://www.sec.gov/rules/final/2010/34-61595.pdf

This is 'positive' news for longs, since short selling for AQMS is currently being restricted. As for how long and at what price triggered this, I don't know. Normally when a security drops 10%+ at a significant amount of time without any major changes/PR news to the company, this will be triggered. Hope I answered your question. GLTYA!