Somebody thinks naked short wolfpack has to follow the laws and regulations simply because all trading is now digitized.
Never heard or unable to understand the dark pool of underground world, and yes all transactions are recorded digitally?
Never heard or unable to understand market makers can legally carry balance each and every reporting period, and the balance is a mix bag of numerous different stocks, derivatives, etc.,[it's allowed by the law to "create shares" to provide liquidity, but the law can be readily taken advantage of by its own setting] for which SEC little heads will find either too complex to understand or too huge a burden to verify, or at least watch some porn will be easier to kill time.
That legal carried balances change with time in terms of stocks and derivatives of their carrying dynamically.
At the choosing of MMs or their clients driven by greediness and savvy or dumb decision, buried in the darkpool/legally carried balance week after week, quarter after quarter, and year after year are stocks naked shorted
For some stocks trading in OTC particularly, and stocks of small developing stage biotechs, the odds are high that the stocks will disappear, and the name of the stocks would disappear from the darkpool/carried balance, and new stock names would be added in the never verified, ever-changing, mixed-bag dynamic flowing balances. And in case SEC staff tired of watching porn and decided to get to the bottom of one MM's illegal practice, before SEC can sniff around, the balance swapped with the balance of other MM, in part or completely, though never heard SEC has ever gone that deep.
It's an illegal but profitable practice "sanctioned by SEC" and it will never change.
The perpetrators are laughing to the bank pissing SEC and vast numbers of investors in most cases, that makes it never-get-punished, SEC-sanctioned, profitable practice....
But this is what I know they may laugh to the banks for other stocks, they will pay the price for naked shorting NWBO.
But number two, I do think the naked short wolfpack by now must understand their decision was wrong, and they are trying to find the right time to clear those naked short shares, which we will see when that is going to happen. If they are smart enough, better before TLD or the announcement re trial data in whatever form.
[my personal guess is that the naked short wolfpack has unloaded some naked short shares already, it may not be of a significant number. And I do believe the pack understands it has to unload all their positions because even them understand DCVax-L trial will be a success, maybe they are waiting to see as we long do how successful the trial will be.]
