PHI Group Inc (PHIL): They'd borrow from someone else basi...

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Re: stockrockin post# 55706

Thursday, 04/22/2021 8:48:07 AM

Thursday, April 22, 2021 8:48:07 AM

They'd borrow from someone else basically. And then it happens again. Varying amounts. Creates this surplus of non-existant shares.

But you're right. Say everyone cashes out at the same time? Who pays them out? Which I believe was part of the point of the rule. You, as the MM, need to have the money to back it up. I'm not sure it prevents borrowing as much as we'd like it to, rather it acts as an insurance policy?

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