Bioelectronics Corp (BIEL)

[srinsocal]

Must be spending too much time around Art

I never said that MMs Shorting was "illegal", but you know that. It is most definitely Shorting and if they did not borrow shares, which is the case most of the time, it is Naked Shorting. MMs use the 'Making a Market' exemption when they Naked Short, they say they had to sell shares that they did not own and had not borrowed in order to maintain Liquidity. The problem is their use of this exemption is rarely questioned so its use is abused for the sake of increasing profits.

All trades currently have the Trade day + 2 business days for the shares to be delivered to the buyer. That rule changes on May 28th to Trade day + 1 business day. MMs have up to 13 days before they suffer any serious consequences from not delivering the shares of their Naked Short Sales.

<<<<< If the MM's didn't try so hard to make a market here, this stock would barely trade at all >>>>>> If no one wants to Sell at the 2 Bid and no one wants to Buy at the 3 Ask that is fine with me, there are shares available at 3, no need to have an MM step in and Sell 35 million shares at 2 as happened on Wednesday, if there are zero trades on a day the SP stays the same, it would seem the MM is the only one not wanting that outcome