There are so many pinks that have almost no volume and reverse split over and over again to keep a little volume going. Or they just allow no volume. "The new ruling will cause many pinks to close up shop." Agreed, if MM's own a controlling interest in many pinks and can save themselves money by not having to cover by forcing a pink to fall out the market I am sure they would do it.
How would happen if a pink where to fall out of the market? Most pinks probably have more debt than assets. So, they would have to declare bankruptcy. Under bankruptcy, how would the NSS be handled? Would FTD (fail to deliver) shares have to reconciled and covered?
Closing up shop might give MM's a sort of loophole in a sense where they could escape responsibility. On the other hand, maybe, they still cannot escape covering.
I am not aware of "shorts being covered all around the stock market." I am also not aware of stocks that have fallen out of the market or closed up shop. This should all be new territory. How that would work seems to be unclear also.
Thankfully, FFGO and NMGL should not be closing up shop anytime soon and have the power to take it to the shorties where it hurts. It could be a double fortune (dividend and NSS covering). It is a long shot that could pay 3440% + 3000%+++). The dividend would force up the pps. We would still retain the shares after the dividend and could enjoy the NSS covering. That would be such a perfect storm. A perfect storm that is a long shot, but a nice dream.
