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Re: None

Monday, 05/10/2010 1:18:41 PM

Monday, May 10, 2010 1:18:41 PM

Post# of 9091
Abusive Naked Shorting, in which (a) short sellers sell shares they have not borrowed, and (b) are unable to deliver those shares on the settlement date of their sale, has been occurring with HLXW
Traders are now in violation and hlxw has been placed on the reg sho list. For the 2nd time this year.
http://www.buyins.net/releases/?id=100134

For those that don't know:
Threshold securities are equity securities that have an aggregate fail to deliver position for:

* five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC))

* totaling 10,000 shares or more; and

* equal to at least 0.5% of the issuer's total shares outstanding.

Short sellers will have to cover soon. It can't stay in the cellar much longer.