I must have misunderstood this before. It looks like they have 13 days and then immediately thereafter, which must mean the 14th day, they have to close out the fail to deliver position.
(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.
They have one more day IMO. I think the shares shorted on the 15th were already covered. RELM still has alot more shares that need to be covered.
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