Wednesday, August 31, 2011 9:16:07 PM
VERT contracts to buy shares from the from the TA at a certain time and price agreed upon with the company. They then go and short the stock and use the shares from the Transfer Agent as the cover.
The Vertical Trading Group actually gives companies a lot of swing on how agressive they want the selling to get. The longer lead time a smaller amount of shares to sell lessens daily impact on the share holders. And VERT's contract fees are usually less than other trading houses.
So bottom line is you are going to always see a lot of short volume when VERT is on the ask selling shares.
GLTY!
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