It has been documented that the bi-monthly short interest numbers ceased reporting and posting in August 2010.
Once again, I tend to take the simplest logical explanation first and use it until proven wrong. In this case, the reporting stopped because there were no more unsettled shorts to report. Once there is something to report, the cycle re-sets and reporting continues until the Short Sales again reaches 0. As long as it stays at 0, weeks and months can pass by with no reports whatsoever. You will rarely ever see consecutive 0 Short Sale reports although it has happened. This would not be an aberration by any means and can found on other stocks too.
Now, your explanation is a bit more involved as it implies that FINRA is part of a criminal conspiracy to hide the reports out of embarrassment for their gross incompetence by allowing the unsettled shorting of over 90% of FFGO stock in a 2 year period.
Those are pretty serious charges which don't appear to go much further than this board. Should I assume that you have taken this enough to heart to have contacted both state & federal representatives, consumer protection agencies and even the major financial news media?
With such irrefutable proof as the Daily List figures which don't lie & the still unexplained disappearance of the Short Sales List, someone in those groups has to agree, right? Or are they also part of the cover-up?
How about a hungry law firm? There has got to be big damages here, once this theory has been proven. What lawyer would not love the national attention once this is finally exposed? It is an open & shut case, right? Because of the public short numbers?
It is also a FACT that FINRA warns investors that the daily short and bimonthly short numbers are likely under reported and under inclusive for OTC stocks such as FFGO.
Have "likely under reported" and "under inclusive" come to mean "massively & grossly inaccurate" as appears to be your claim here?
The company could only legally report what is publicly filed. They also stated that it was their opinion, and not a confirmed fact. Again, based upon what is being provided to FINRA from the market makers.
Hmmm, I saw no shyness or hesitation in their feelings about shorting...they seemed to be quite adamant. Granted, they did admit to not being able to prove it but I took that to mean that they simply did not have all the documentation necessary to do so in a court of law but did have enough to have formed a very educated opinion.
But these are pretty smart guys, remember? And it would be fairly safe to say that with all their cumulative years of operating in Pennyland, they would be astute enough to see the shorting signs, don't ya think?
Heck, using the very same figures "provided to FINRA from the market makers", how many on this board see them? Should I dare venture a guess that most here have nowhere near the experience of running public companies as Lumb & crew have?
So believe who and what you will.
Just my humble opinion, of course...
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