Wave Systems Corp. (fka WAVXQ)

[SPIN]

Berlin volume is *not* the issue.

WVY is quoted in euros, just like EVERY other security listed on Berlin.

the reg SHO arb loophole *is* what matters & it permits naked shorting in U.S. & certainly some of the "off-shore" hotspots.

the loophole eliminates the 3-day delivery requirements & i've also read that the DTC reporting rules are frequently ignored, SO the trades may not even show up on reported short sales figures.

you guys are grasping at straws when you might be better off urging Wave mgmt to get de-listed from the Berlin exchange...

just trying to help.

good luck!

PS will reply to PMs next time i'm around & it's happy hour.