Replies to post #18244 on Saleen Automotive, Inc. (fka SLNN)

[BigBake1]

It was absolutely a correct answer, Daily Short Volume reports are not actual Short positions. FINRA makes that very clear, as we as the SEC. Short Volume cannot be used to declare shorting, naked shorting or abusive naked shorting. To find 9ut if a short position has been taken one must review the Bi Monthly Short Interest reports provided by FINRA. If one wants to know the number of aggregate shares in an open position, one refers to SEC FTD report. SLNN has no significant Short Interest nor Fails to Deliver positions.

What there are plenty of... are shares... dilution to the tune of hundreds of millions thus the reason for yet another raise in the AS to 2.5 billion shares since going public. They have disclosed the dilution in SEC Filings on EDGAR.

Those are the facts.

[DaReal]

That's total BS and i hope you know it...

Those reports have nothing to do with an actual Short Position and are an "ownership" marking requirement of SEC Rule 200. Because the OTC is a two tier market, one tier with Brokers and the other tier Broker Dealers, anytime a transaction cannot be executed internally by your broker the order goes to their contracted MM. That MM executes Riskless Principle transactions in which the initial leg is short the shares and then purchases the actual shares from the selling party for the cover.

A good post to read on Short Volume:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80871478

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94795109