Sylios Corp. (fka UNGS)

[29YEARINVESTOR]

Now we are getting it!
MM's Instead of complying with the rule, however, professionals alleges that mm's circumvented it by manipulating an obscure process within the machinery of the nation’s clearing system known as the “Obligation Warehouse.”

Even with its market-maker exemption, MM's is required by SEC rules to eventually deliver the shares in a naked short transaction to the buyer and close out the trade.Not doing so results in a “fail to deliver,” which professionals describes as the securities version of an IOU. And that IOU comes with rules: Under the SEC’s Regulation SHO, short sellers have to cough up the stock within one day of incurring the fail. Routine failures to deliver can lead to fines by the SEC, or even a ban from the securities markets.

Instead of complying with the rule, however, professionals alleges that mm's circumvented it by manipulating an obscure process within the machinery of the nation’s clearing system known as the “Obligation Warehouse.”

This service facilitates the matching of self-cleared trades (often known as “ex-clearing”) that don’t go through the DTC — for instance if the stock was chilled.

https://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=184588

One thing is for sure naked shorts hate dividends.
Doc' dividends more more more!