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Re: None

Wednesday, 04/21/2021 1:00:18 PM

Wednesday, April 21, 2021 1:00:18 PM

Post# of 6314
This has been floating around several boards I've seen, thought it was worth a share.

"From Million Dollar Investments Twitter:

"SEC rule requiring shorts to have cash on hand in order to borrow, and brokers to have cash on hand to cover any lent shares goes into effect Thursday. After Wednesday they are forced to cover or recall shares loaned that cannot be covered.

Expect the MM's to be vicious until they are forced to cover or recall shares loaned that cannot be covered. Bleeding should stop in the OTC soon..." "

Hope we'll see more good movement soon!

Here's a link to the SEC's statement:
https://www.sec.gov/news/public-statement/staff-fully-paid-lending