.0001 to .0009 PICKS ONLY

[neoboarder]

BANID atleast 50 million shorts need tobe covered within 13 consecutive days.

Since the FINRA rule 3210 flag was raised on Sep 24, BANID pps has never gone up over .001, which makes the shorted shares at least 50 million.

Rule 3210 says:

FINRA Rule 3210 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has:

aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; AND
a reported last sale during normal market hours (9:30 a.m. to 4 p.m., ET) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more.

Disclaimer: I am still learning and almost always wrong.