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Re: shamalamadingdong post# 68264

Monday, 11/20/2023 4:12:01 PM

Monday, November 20, 2023 4:12:01 PM

Post# of 71579
Another idiot starting a petition to ban naked short selling - does this apply to the MMs - if so that is going to cause a real problem.

How long is the temporary ban?

The petition was more scare tactics about naked shorting - which is greatly overblown. There has been very little naked shorting of Mullen.

And the nonsense in the petition:

"South Korea officially banned short selling in November of 2023 through June of 2024 after regulators found “routine” abuse of naked short selling from foreign and institutional investors. In October of 2023, South Korea fined two Hong Kong banks for naked short-selling “The two unnamed investment banks made naked short-selling transactions of a total of 40 billion won ($29.58 million) and 16 billion won”, the Financial Supervisory Service (FSS) said in a statement."

It appears this was on the Hong Kong Exchange (HKG) not a US Exchange.

Those signing the childish petition are novice investors that are clueless about any type of shorting.

Why do you refuse to blame Michery for your losses?

I have never heard of 3 reverse splits in a one year period. Actually 2 reverse splits in a calendar year is pretty rare.

IG

The First Casualty of Emotion is Reason.

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