Replies to post #118520 on Paychest Inc (PYCT)

[lloydm]

Please explain how the number of audited shares, and # of naked shorts are related? I don't follow your logic.

My understand is marker makers borrow audited shares from margin investors without buying them (failure to deliver) back, so where the correlation?

Market Makers is required by SEC rules to eventually deliver the shares in a naked short transaction to the buyer and close out the trade.

Not doing so results in a “fail to deliver,” which is described as the securities version of an IOU. And that IOU comes with rules: Under the SEC’s Regulation SHO, short sellers have to cough up the stock within one day of incurring the fail. Routine failures to deliver can lead to fines by the SEC, or even a ban from the securities markets.

[lambchops]

When was that Pr'ed? 2008? This stock ever sell its flushable tampons?
Yep, I know the answer: "no!"