Renovaro Biosciences Inc (RENB)

[janice shell]

after the newly imposed rules on naked shorting in the US (which you should have had long time ago- like we have in Europe)

We do have rules about naked shorting. They're called Regulation SHO, and initially became effective in early 2005. They were then amended to make them more comprehensive in 2007.

https://www.sec.gov/rules/2004/07/short-sales#:~:text=Regulation%20SHO%20defines%20ownership%20of,the%20Commission%20to%20suspend%20temporarily

And this, updated in 2022, is more digestible:

https://www.sec.gov/investor/pubs/regsho.htm

Reg SHO worked. The SEC finds mismarked tickets now and then, and punishes the perps. But "NSS" isn't a problem successful companies complain about. Usually, the real problem is toxic funders. The guys who buy promissory notes that convert at an enormous discount to market, and then dump them on the market. The notes are also known as "death spiral convertibles".

See you tomorrow!