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Re: TenKay post# 208164

Friday, 01/20/2023 10:26:26 AM

Friday, January 20, 2023 10:26:26 AM

Post# of 233714
Ok Ten, not a threshold security eh;
 
The internet is flooded with misinformation about what the Threshold Security List reveals about a security.
 
This makes it difficult for many investors to differentiate between legitimate short selling and unlawful manipulative short selling, and often causes investors to believe a stock’s price has dropped because of short selling rather than because of selling by insiders or the issuer itself.
 
just kidding, ok so we know gns is sec.. the other thing may or not be relevant. i think they have collected data over a lengthy period of time to make their case, we'll see
 
https://www.google.com/search?client=firefox-b-d&q=is+gns+stock+a+sec+reporting+company
FINRA Rule 4320 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has:
 
? aggregate failures to deliver at a registered clearing agency of 10,000 shares or more; and
 
? a reported last sale during normal market hours for the security on that settlement day that would value the aggregate failure to deliver position at $50,000 or more.

 
anyhow more to read there https://www.securitieslawyer101.com/2020/short-seller-regulation-sho/
but the argument is this system of reporting sucks, needs to be better, faster, more useful, etc,..
less prone to abuse.

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