Wednesday, December 15, 2021 10:50:58 AM
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.
And since then, a LOT has also changed.
No one shorts a trips stock as it isn't economically feasible. And in particular no one is shorting DRNK.
Insiders dumping is causing the price to drop.
IG
The First Casualty of Emotion is Reason.
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM