3Power Energy Group Inc (PSPW)

[Topfuel]

Well I bought 6262 shares last wed the 12th, I just wanted to round up my account because I thought this would be my last buy, I felt we may get something in a positive fashion in the 10K.

I had learned a new way to watch daily shorts on the finra site and that evening I was checking the list.
On June 12th their was 6262 on the daily short list. I did not understand this, It was my buy.

Daily Finra list here
http://regsho.finra.org/regsho-Index.html
Look under ORF and pick your day,
scroll down to pspw its all alphabetical.

I called my broker and discussed and they said they try to limit the shorting of shares to what they have in house and if they are not available will try to source them for you from another broker or MM and said they only had 4.89K available currently.

So I decided to call Finra also and see what they had to say. I talked with a friendly lady and she explained that they have 3 days to cover the sale and find them, or they go on the 4320 short list and worst case after 14 days they are ordered to cover them. and referred me to some
SEC reading.

So after reviewing some info it looks as if the MM has the shares or not, he is going to make the trade on the market and then go look for the shares later. They don't care,

Here is 07/13 trading numbers 1st number amount short second daily total
20170713|PSPW|137600|0|162836|O SO THE MM'S ONLY HAD 25,236 shares available ready to trade on the market, they need to find the rest of them.
07/14 numbers
20170714|PSPW|95120|0|123622|O only 28,502 available

This could be how they shake a stock trading it back and fourth trying to get people to sell, As the question was asked who's selling at this price?
So it looks like a lot of share movement but in reality very small as they trade back and fourth? are they trying to acquire shares? Is this stock that thin? Where are these shares coming from?

Here are some links for reference if interested

II. “Naked” Short Sales

In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[3] As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a “failure to deliver” or “fail”).

Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from “naked” short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.

“Naked” short selling is not necessarily a violation of the federal securities laws or the Commission’s rules. Indeed, in certain circumstances, “naked” short selling contributes to market liquidity. For example, broker-dealers that make a market in a security[4] generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.

https://www.sec.gov/investor/pubs/regsho.htm

You have to down load the past data file and search,
https://www.sec.gov/help/foiadocsfailsdatahtm.html

something to think about,
Just let it take it's course, you can only hold it back so long
Go/PSPW
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