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Re: VeronicaFox post# 59304

Saturday, 09/07/2019 3:17:34 PM

Saturday, September 07, 2019 3:17:34 PM

Post# of 108389
float at just 380 million











TRON has:
ZERO abusive Fails to deliver,

'VeronicaFox' reply on 'Toron, Inc. (TRON)




Yes but i think the MMs play just under the threshold #, Based on the O/S, keeping them just out of the red zone and off the short threshold list https://otce.finra.org/otce/otcThreshold
If the O/S does get Lowered, as expected, the MMs may reduce their NS a bit and could push this up. Just a little volume moved this to 0028 last week. Seems like market makers want to tap 0009 before any turnaround run. I also like that TRON is an Alt report. Safe long hold for me v https://www.sec.gov/investor/pubs/regsho.htm "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.

III. Regulation SHO

Compliance with Regulation SHO began on January 3, 2005"


if a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency for thirty-five consecutive settlement days in a non-reporting threshold security that was sold pursuant to SEC Rule 144, the participant shall immediately thereafter close out the fail to deliver position in the security by purchasing securities of like kind and quantity. The requirements in paragraph (b) shall apply to all such fails to deliver that are not closed out in conformance with this paragraph (a)(1).
(b) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days (or 35 consecutive settlement days if entitled to rely on paragraph (a)(1))





If they do retire some of the O/S, i think it may change MMs allotted REGSHO NS#s. I also like that this is a Alternative Filer with the OTC Markets. Safe LT hold for myself I would like the MM to drop this too 0009



1/2 month chart




3y






Float - 380,089,316 un-changing and potential O/S retirements $tron
ungaged T/A