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