Replies to post #95533 on NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

Thanks Good Guy! Appreciate the explanation! :)

[XenaLives]

This would be a naked short - which may be the broker or a hedge fund, not necessarily an individual. Wilson Davis was recently closed down for such activities. The proper term is selling without a locate to borrow from, although I suspect that Interactive Brokers loans the same shares over and over.

By "Shares sold and not deliver", I assume you are referring to an "open" short position by a buyer who doesn't have the money to close the position. My assumption is this would result in "Shares sold and not deliver",IMHO. What happens in this case, I am not sure. I would imagine the broker would ultimately have to close the position, return the borrowed shares and pursue the short buyer to recover the funds