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Re: finesand post# 35199

Tuesday, 02/05/2019 4:38:42 PM

Tuesday, February 05, 2019 4:38:42 PM

Post# of 232961
While I somewhat doubt that BP is significantly suppressing the stock price in this case - remember, never attribute to malice what can be adequately explained by incompetence! - there's an easy solution to that potential issue. It's worth bringing it up here.

In order to short shares, sellers need shares available to borrow. Shares that are held in margin accounts can be lent out by brokers without your knowledge or permission. Shares that are held in your name (not the street name of the broker) and that are not in margin accounts cannot be lent out with your permission. So, if you're a shareholder here and concerned about manipulation, MAKE SURE THAT YOUR SHARES ARE IN YOUR NAME AND ARE NOT IN A MARGINABLE ACCOUNT.

finesand, this post isn't directed at you at all, more just a PSA for the board at large that piggybacks on your post. While I doubt that anyone is significantly shorting the stock right now, we shareholders can be our own best advocates in ensuring that there are few or no shares available to borrow/short.

But, I do love a good short squeeze...
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