InvestorsHub Logo
Followers 312
Posts 51897
Boards Moderated 15
Alias Born 08/19/2009

Re: Stock_Barber post# 75649

Wednesday, 07/21/2010 2:53:22 PM

Wednesday, July 21, 2010 2:53:22 PM

Post# of 103340
iHub has many reports of discussions with FINRA that reflect exactly what I have verified with my conversation with them. For example, my favorite is this one:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47356938

But this one also brings up an interesting point about restricted share selling:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50105799



2. the other factor that could affect the daily short figure is very interesting. if a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.
They confirmed that in order to ascertain the true "open short" position one should look at the bi-monthly short report. it was also stated that any of the daily shorts which were not delivered within the prescribed time would definitely end up on the FTD list.
END OF STORY!!!


Note the part in RED!