Well according to your basher buddy it's not based in anyway on percentages of a stocks known O/S, because I made that same statement and was told I didn't know what I was talking about.
Who is right you or them?
I noticed you didn't jump in to defend me when I made that same statement and I know you read it.
Also, was CMKX registered under section 12 of the exchange act to even be eligible for the list in the first place?
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Here's the REG SHO:
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.
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Your statement to me from a previous post:
SHO list eligibility is based on a percentage of the o/s, which was known.
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