NoHo Inc (DRNK)

[I-Glow]

LMAO! A naked shorting post from 2010. SMH!

The “off shore shorting” myth is widely invoked in the OTC. For those that understand Securities Rules and Regulations know this is pure myth.

But like every good myth there has to be a small element of truth to it to keep it alive.

Many many years ago long before the various Reg Sho rules were put into place, a few OTC stocks were dual listed on a foreign corrupt exchange. Two biggies were the Berlin Boerse and the VSE. When they were listed there they could be shorted and not show up in any reporting regime within the US.

But in ALL cases the stock was clearly visible on that exchange and all the trades were outside the US not on a US Exchange or the OTC.

So that practice many many years ago is what lead to this “foreign naked shorting” myth for stocks only trading in the US....which has never been possible as all trades in the US must be through a broker registered in the US.

There isn't any shorting of AVVH - and there isn't any naked shorting as it would be reported in the Failures to Deliver FTDs and there isn't any.

IG