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Re: Jackxkr post# 560907

Friday, 01/20/2023 10:48:45 AM

Friday, January 20, 2023 10:48:45 AM

Post# of 715152
jackxkr: Yes, the special dividend by GNS may be a small cash amount, the brokerage house holding the accounts of shareholders of GNS MUST report the shareholder , the number of shares , and the amount of dividend received. This means that naked shares that were bought would not receive a dividend and would thereby identify the naked short holder. However,the brokerage house would then simply pay the dividend to the naked short shareholder account out of their pocket and thereby hide the existence of the naked account. The better way is for GNS to pay a stock dividend which exposes the naked shareholder as the brokerage cannot cover with a share dividend out of their pocket.
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