Replies to post #106684 on GNCC Capital Inc (GNCP)

[Anvil]

Yes, finra is probably the issue. If were the SEC, DTC or IRS it would slip through as those agencies are all collaborating with the naked short sellers.

[TenKay]

Well, as has been pointed out to me, FINRA cannot just deny a corporate action because they feel like it. There are only some specific situations in which they can "deny" it.

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=12829&element_id=9364&highlight=6490#r12829

But they can ask questions and request additional information and drag the process out for a long time.

I think Lumb will eventually get his RS...again ASSUMING he has actually applied for it.