Cali, this is the scenario I was hoping for. You have just asked the all important question. What will Mark do now? I hope he was saving up.
I was worried about a long drawn out comply period but 35 days is actually short. I wasn't expecting it to be that short. The only question I have is they have 35 days from the date it takes effect, when is that date? Today? I know the vote went through but is there additional steps for ratification?
Below is what I am wondering about. Taken from your post.
Posted by: calitrader In reply to: None Date:6/13/2007 12:19:06 PM Post #of 2609
SEC Votes To End Short-Selling 'Grandfather' Protections June 13, 2007 11:23 ET By Judith Burns Of DOW JONES NEWSWIRES
Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days.
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