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Re: manibiotech post# 685973

Friday, 04/19/2024 6:26:44 PM

Friday, April 19, 2024 6:26:44 PM

Post# of 689197
Putting the spotlight on these crims can't hurt but they are going to need more than circumstantial evidence to take them down.

But in his letter, Nunes pointed to circumstantial evidence, which included Trump Media stock being in early April the most expensive stock to short in the United States, which he said would give brokers “significant financial incentive to lend non-existent shares.”

The letter links to a CNBC article detailing the sky-high premiums brokers were charging short sellers for loans of Trump Media shares to sell.

Pssst, I know of a good law firm that can help w that. And good luck w the short-selling-prevention tips they recommend.

“For long-term shareholders who believe in the Company’s future, the Company is highlighting the following actions you can take with your brokerage firm to prevent the lending of your shares for short selling,” Trump Media said in its supplement to its FAQ on Wednesday.

The tips include holding DJT shares in a cash account at a brokerage firm as opposed to a margin account, “opting out of any securities lending program,” moving Trump Media shares to the company’s designated transfer agent, and transferring shares to a bank and “holding them in your retirement account.”

The instructions include a helpful form letter that shareholders can send to their brokers.

The letter says, “Please accept this written instruction to make sure that the following securities are held in my cash account only and accordingly are not available for any stock loan activities.”

“I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares,” the letter says, before a section that the sender can fill out with their number of shares

PS I love this quote from one of the links

A spokeswoman for Trump Media in response to that said, “Citadel Securities, a corporate behemoth that has been fined and censured for an incredibly wide range of offenses including issues related to naked short selling, and is world famous for screwing over everyday retail investors at the behest of other corporations, is the last company on earth that should lecture anyone on ‘integrity.’”

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