Digital Brand Media and Marketing Group Inc (DBMM)

[VrilSociedad]

So now DBMM "shareholders and portfolio investors" can't be bothered to learn what naked shorting actually is and how it is perpetrated on markets? I see it blasted everywhere here.

"Fails-to-Deliver – The process of creating shares via naked shorting creates an obvious imbalance in the market as the sell side is artificially increased with naked short shares or more accurately, counterfeit shares. Time limits are imposed that dictate how long the sold share can be naked. For a stock market investor or trader, that time limit is three days. According to SEC rules, if the broker dealer has not located a share to borrow, they are supposed to take cash in the short account and purchase a share in the open market. This is called a “buy-in,” and it is supposed to maintain the total number of shares in the market place equal to the number of shares the company has issued. Market makers have exemptions from the rules: they are allowed to carry a naked short for up to twenty-one trading days before they have to borrow a share. When the share is not borrowed in the allotted time and a buy-in does not occur, and they rarely do, the naked short becomes a fail-to-deliver (of the borrowed share)."

https://www.sec.gov/comments/s7-29-22/s72922-20153799-321641.pdf