Very long winded but of little substance. Being on Reg SHO can have nothing to do with shorting, it can just as easily be the result of certificates being sold into the market and the delays in settlement associated with selling paper certs.
Did you analyze the fails and how they moved?
Do you accept the fact that selling paper takes longer than the normal 3-day settlement of electronic transfer?
have you read the SEC explanations on why a fail occurs when they discuss this very issue?
As for the share issuance, etc... are you claiming that the TA report is fake or simply concerned about it being leaked? If you think it fake you have one issue to deal with and would need to prove but if your concern is only that it was leaked, that does not refute the real issue regarding Billions of shares issued.
A broker identified the problem and he spoke to the SEC regarding the issue. They met twice and I have confirmed those meetings. Now if a broker comes to the SEC with a story, would the SEC not be expected to INVESTIGATE the reality of that story? Clearly this broker was putting his career at risk if he was doing something wrong by going to the SEC.
Whether Pensley lied or told the truth is irrelevant in the big picture since the issue is with regards to the illegal dumping of unregistered shares. That is a contract between the SEC and SPNG and the laws pertaining to the issuance of shares. If Pensley wants to claim he now authored those memo's (which I doubt he will) or not, the issuance of shares violated securities laws and THAT is the bottom line.
So come again---what is your point in that post?
