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Re: JFR161162 post# 674521

Sunday, 02/25/2024 6:17:38 PM

Sunday, February 25, 2024 6:17:38 PM

Post# of 721739
Sure, 1B naked shares short. I will call BS.

Problem is this. Naked shorts (FTDs) are shares that have not been delivered to the DTC (which books most all US stock transactions). DTC knows the shares have not been delivered to them. They are legally required to report this. And the semi-monthly reports show almost no NWBO FTDs,.

The theory that DTC is complicit is insane. It is not DTC that would be looking to make a profit on the short transaction, it is the party that sold. But the DTC woulkd be on the hook for a failure, and also would be committing a massive securities fraud in not reporting.

So plenty of reason to call BS on the theory. And the reason to support it? Nothing. Not a single piece of real evidence that the open FTD balance is more than the few thousand on average (with occasional days when it pops as high as a million or so only to be delivered shortly.

P.S.: Single-stoick, I know I am abusing the language here on "naked", but sometime easier to go with the flow than continually fighting it.
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