I would like to know how a company can stay so long on the Reg SHO Threshold Flag list. I thought any shorts would have to be covered in a certain about of time? I would like alil more information on how many shares are exactly being failed to be delivered and if possible which brokers they are. RVGD — Revenge Designs, Inc. Co., Inc.-Reg SHO Threshold Flag
Regulation SHO defines threshold securities as any equity security of an issuer that is registered under Section 12, or that is required to file reports pursuant to Section 15(d) and where, for five consecutive settlement days:
* there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; and * the level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding