Wednesday, June 07, 2023 3:49:26 PM
The DTCC Continuous Net Settlement program (CNS program) hides BILLIONS of counterfeit shares that never make it to the Reg SHO (Regulation of Short Sales radar screen, as the shares "borrowed" from the DTCC are treated as legitimate borrowed shares.
For companies that are under attack, the counterfeit shares that are created by the CNS program are thought to be ten to twenty times the disclosed fail to delivers, and the TRUE CNS totals are only obtained by successfully serving the DTCC with a subpoena.
The SEC does not get this information. The actual process is more complex and arcane than this, but the end result is accurately depicted.
Overwatch has been posting this over and over. No one is paying attention?
Thanks Overwatch. You rock!
#DBMM
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