RCC Holdings Corp fka RCCH

[frogdreaming]

You are still missing the entire point of the exercise.

My comment – Proven correct again. Their intent was to clear the very small subset of fails to deliver without new buy sell activity. It did not happen and the lack of volume indicates that.

You seem to be saying that any clearing of the subset of fails to deliver would have an impact on the volume. You are mistaken. A fail to deliver is not a short sale. The clearing of such a 'fail' does not require the purchase of another share, all it requires is internal housekeeping within the DTC. Such activity would have absolutely no impact on the volume.

Please understand that just because a short sale would automatically result in a fail to deliver, the inverse is not true. All fails to deliver are not the result of short sales, they are the result of a transaction not being completed for ANY reason. In this case legitimate transactions not being cleared due to the clearing house refusing to participate.

The reality of the situation dictates that there would be no effect to the volume if the clearing of all fails to deliver was completed with 100% effectivity.