Replies to post #1044 on Better For You Wellness Inc (BFYW)

[lbcb123]

You don't even understand the basics. The twice a month report has nothing to do with Reg SHO or "naked shorting". That is the regular shorting where the shares are properly borrowed.

Of course naked shorting occurs. Some of it is perfectly legal. A market maker can naked short in the course of filling orders. These naked shorts are usually covered almost immediately. Sometimes in a fast-moving market, it will take a few days for a market maker to cover their naked shorts. When it gets to the point of becoming a "failure to deliver" by the settlement date, then Reg SHO kicks in.

To educate you further, this is the criteria to be placed on the Reg SHO Threshold List:

As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
•There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
•The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
•The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

Those are the FACTS. There are sleazy operations that add up all of the shorting in the daily reports and try to pass off the totals as current short interest. What the daily reports show is when the trade was flagged as a sale without having possession of the shares. Almost all of these "sales" are by market makers in the course of filling orders. Like I said, usually this "naked short" is covered within seconds, but the flag for the trade will show it as a short because the market maker did not have possession of the shares at the time they filled the order.

It's no skin off my nose. Believe the manipulators or do a little research and learn how the system REALLY works. It is easy to verify all of this publicly-available information.