Replies to post #84968 on Progressive Care Inc (RXMD)

[Knightcha23]

I mean, at some point they have to buy back right? They can’t stay on the list forever.

[Fat-man]

will drop to 9 cents tomorrow and the up up

[Nano-vv]

“Pursuant to Rule 203(b)(3) of Regulation SHO and FINRA Rule 4320, a participant of a registered clearing agency (i.e., a clearing firm), that has a fail to deliver position at a registered clearing agency (i.e., National Securities Clearing Corporation) in a Threshold Security for 13 consecutive settlement days must immediately close out that fail to deliver position by purchasing shares of like kind and quantity.”

[angeloh]

So... that means shorts have to cover by tomorrow then..?

“Pursuant to Rule 203(b)(3) of Regulation SHO and FINRA Rule 4320, a participant of a registered clearing agency (i.e., a clearing firm), that has a fail to deliver position at a registered clearing agency (i.e., National Securities Clearing Corporation) in a Threshold Security for 13 consecutive settlement days must immediately close out that fail to deliver position by purchasing shares of like kind and quantity.”
Search result for RXMD: 13 consecutive days on the OTC threshold list.... otce.finra.org/RegSHO