Anatomy of the FLD

[LostTexan]

Thank you Janice. I do appreciate you answering my questions. So can I ask for some clarification?

So if they say there's no significant short interest, there isn't.

Who is "they"?

The SEC would probably tell those shareholders to get together and hire an attorney, as happened with SPNG. If the attorney could come up with credible evidence suggesting that their holdings was greater than the o/s, then probably they'd do something about it. I think what they'd do would be to turn the matter over to FINRA.


IF the SEC saw the TA's book and confirmed the o/s, and had seen actual account holdings that equaled a significantly higher number than the o/s, would they still tell the shareholders to get an attorney? In other words, if the sec had seen what appeared to be at that time at significant short position, would they still tell the shareholders to get a lawyer?