Ise Blu Equity Corp (ISBL)

[silent1]

can someone explain the following and tell us how it applies to isbl/bggr trading??? thanks

Today, will be 36th CONSECUTIVE DAYs on REG SHO.......rules are in effect after 35 CONSECUTIVE DAYS:

"In addition, similar to the pre-borrow requirement in Rule 203(b)(3)(iii) of Regulation SHO, as originally adopted, if the fail to deliver position has persisted for 35 consecutive settlement days from the effective date of the amendment, the proposal would prohibit a participant, and any broker-dealer for which it clears transactions, including market makers, from accepting any short sale orders or effecting further short sales in the particular threshold security without borrowing, or entering into a bona-fide arrangement to borrow, the security until the participant closes out the entire fail to deliver position by purchasing securities of like kind and quantity."
http://www.sec.gov/rules/final/2007/34-56212.