First Place Financial Corp.(fka FPFCQ)

[jaxstraw]

That data is meaningless when looking at any short 'position' on FPFCQ.

OTCShortReport is always meaningless because it reports FTDs, not short interest.

Here's the SEC explaining how this works :

..."fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as....
(1) delays in customers delivering their shares to a broker-dealer,
(2) the inability to obtain borrowed shares in time for settlement,
(3) issues related to the physical transfer of securities, or
(4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."

http://regsho.com/faq/investorquestions.php

Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling

http://www.sec.gov/foia/docs/failsdata.htm

One cannot conclude looking at OTCShortReport as to short positions,( or NSS and or even Abusive NSS), the data cannot provide a specific cause and one must use other reports to determine specifics.
For example one must use the Bi-Monthly Short INTEREST report to determine actual SHORT POSITIONS.

http://www.otcbb.com/asp/otce_short_interest.asp

Here it is for FPFCQ
http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=fpfcq&StlmtDt=12/31/2012