InvestorsHub Logo
Followers 88
Posts 2905
Boards Moderated 1
Alias Born 02/18/2010

Re: None

Thursday, 05/04/2023 12:06:26 AM

Thursday, May 04, 2023 12:06:26 AM

Post# of 55018
Remember that Rule 144 (DWAC) issue back in the day with CRGP where the DTCC stepped in to protect the special dividends paid to investors because Cor Clearing (now APEX) clients Nobilous and Beaufort got caught with a 327 million share imbalance (due bill).

and

Scottsdale Capital cleared thru Alpine and Macallan Partners LLC was the registered holder.









and Alpine is still dealing with the "Concentrated Short Position" in another ticker



Well, The DTCC just made some changes to the collateral used to support those abused liquidity lifelines that participate via toxic/abusive convertible note lenders on the OTC.

Reducing Risk and Deleveraging Debt Instruments

Changes to DTC Collateral Haircuts

-144A / Reg S ( All Securities - Equity & Debt )

https://www.dtcc.com/-/media/Files/pdf/2023/5..._Final.pdf

and the SEC just put more pressure on these private lenders

SEC Adopts Amendments to Enhance Private Fund Reporting

https://www.sec.gov/news/press-release/2023-86?s=35

I don't think CRGP shareholders will be waiting for a resolution much longer if this activity continues to stress short positions in the stock.

Broker-dealer clients will have to deleverage or face margin call/liquidations if they don't put up the capital required to maintain the margin requirements. The DTCC won't back its Broker Dealer participants that exist with this issue.


$13
$CRGP