Digital Brand Media and Marketing Group Inc (DBMM)

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Yes and anyone who actually reads that article by the SEC would know DBMM has 0 naked shorts. A short or counterfeit share has time limits. Thinking this stock has NSS from 9 years ago is asinine. It doesnt happen in the real world especially not for stocks like DBMM that have went through 2 reverse splits where DTCC had to verify the shares have all been accounted for before trading resumes. And more recent when the Form 211 was filed by the sponsoring market maker and shares once again had to all be accounted for. Only a complete idiot would believe the NSS story being told here. Fact is DBMM has 0 NSS shares and thats a verifiable fact.

10. 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. [color=red]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 special 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).[/color]