Global Tech Industries Group Inc (GTII)

[TheFirm]

EVERY stock sold by Alps is held long at DTCC... you are confusing verbiage. I have previously explained that the short position was not what you think. I can't keep explaining it to you. if they were short GTII (Naked) they would not have enough capital to open doors (plus their clearing bank Lakeside doesn't allow it and would close them down)...so at the time GTII was $2.50 per share or so correct? do the math: What would the call be for a naked short at that price? Just use common sense. THINK... what would the call be for a huge short position? Did they cover it with massive BUY BACKS the next day? No.. Look it up. ALPS hasn't done a buy in a decade! THINK. Were Hams numbers correct? nope. What did DTC do to avert a potential catastrophic naked short? Did they halt trading at Alps? Nope. Instead they issued a Volatility charge of about $2.2 million that Alps had to pay by close of business and then contested (and i believe rightly so) the ability of DTC to put this charge on any stock they in their sole judgement considered volatile based on their predetermined criteria. THINK. The $$ was sent back but then the DTC passed the new VAR and ENC rule so a judge ruled it all MOOT and dismissed the case. In DTCs case to expel Alps did they mention GTII once? NOPE...THINK. How easy would it be to expel Alps if the ywere still naked GTII? easy right? But did they mention it? Nope. because they are not THINK. Try it, it won't hurt.