Also jimmy, remember when the total FTD's were reported for CMKX in April/05, just before revocation? Remember how the total FTD's amounted to about $400?
Then all the Xer's went ballistic, claiming that those failures were just from April. Of course us bashers knew that the $400 in failures were aggregate, meaning that $400 were the total on the book - period.
Anyway, mark this post, because here's proof from the horses's mouth - The US Securities and Exchange Commission:
4. Inclusion on, and Removal from, Threshold Lists.
At the conclusion of each settlement day, NSCC provides the SROs with data on securities that have aggregate fails to deliver at NSCC of 10,000 shares or more. For the securities for which an SRO is the primary market, that SRO calculates whether the level of fails for each security is equal to, or greater than, 0.5% of the issuer's total shares outstanding of the security. If, for five consecutive settlement days, such security satisfies these criteria, then such security is a threshold security. Each SRO includes such security on its daily threshold list until the aggregate fails level for the security falls below these levels for five consecutive days. (See below for a discussion as to why a security may appear or remain on a threshold list.)