I guess you're wondering how a guy who qualifies for a Public Defender is able to finance operations? But that's a whole other story.
Basically, the Company is still in the development stage. Currently using loans from its control shareholder to finance development activities, such as its current pursuit of contracts for International Water Solutions (IWS).
What about this volume and bid? 13 settlment days puts us at next Thursday. 4 more days to put this NSS thing to rest. If this volume and bid are indicative of NSS...the short position is/was at least 500,000,000 shares.
For purposes of Rule 3210, a non-reporting threshold security is any equity security that is not a reporting security and, for five consecutive settlement days, has: (1) aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and (2) a reported last sale during normal market hours (9:30 a.m. to 4:00 p.m., Eastern Time (ET)) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.