Encounter Development Technologies Inc. (ENTI)

[jimblob]

This rule was introduced with the filing of SR-FINRA-2010-028, which has been approved by the SEC. This rule becomes effective on October 15, 2010.

(a) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity.

http://stocktraderschat.com/tradingforum/company-boards/2592-finra-rule-change-re-short-sales-effective-10-15-10-a.html

Tomorrow being the 13th day. Now you know why the mm's were stacked 7 deep on the ask last Friday at the opening bell. Don't be surprised on today's action either. If they are short, the clock is running out!

I'm still not sure if this is effective from the daily. I'm pretty sure it is. Meaning that the daily shorts from Oct. 15 till today are in effect. Each day they were short, they will have to pay at the higher price. Thus, driving our pps higher each day till Nov. 15th!