So how does it actually work with the shorters out there that do not cover by the last day? Who's job is it to make sure they cover? Is it the transfer agent, the brokerage (for example ameritrade or whoever). Do the shorts just get 55 cents taken out of their account if not covered for each share? Does it take a while to settle and figure out exactly how many true shares are out there? Anybody here have any experience with the process? I am just curious if this can cause delays for us investors because of short problems.
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