The SEC recently released Short selling Regulation SHO. With this regulation comes a ‘threshold list” of securities with abusive settlement failures due to an oversold market for extended periods of time. The present list of companies that fall under this category is greater than 1000 and represent over 12% of all securities. Soon we will know exactly who is on this list although the regulators have already provided this confidential information to WALL STREET.
Well rumors has it that NNOS is on this list. All we can do now is sit and wait.
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