NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

In any case, can someone clarify what happens once these shorts are declared FTDs? Are they immediately forced to cover those shorts by the authorities? Or are they allowed to sit on the books as FTDs without any action to compel setting the books straight? If so, for how long can this go on?

Out of time, so a very quick answer,

In theory once they fail to deliver at T+2 days a clock starts on them that will force them to buy in in some number of days.

This has been abused though by a scheme that is like check kiting. They will push the uncovered FTD back and forth thus resetting the clock.

On the original point you assert. how does somebody make a sale and the other party not know they did not get the shares delivered? Sounds kind of far fetched to me.