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lineItemVeto

04/19/18 9:31 AM

#165355 RE: NYD #165351

What is the process to short ANDI?
What steps would one take?
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TenKay

04/19/18 9:49 AM

#165392 RE: NYD #165351

Yes the "reports" are there. Only problem is they are meaningless in the OTC. RegSHO requires them because on exchange traded stocks they can give some visibility into trading activities and shorting since most broker/dealers hold inventory of Exchange traded stocks and don't need to use Riskless Principle Transactions to affect liquidity.

Problem is in the OTC that is not the case. Most Broker/Dealers don't keep inventory of penny stocks so use Riskless Principle in many cases to affect trades. That type of LONG trade has the byproduct of being marked "short".

And given the amount of trades done this way it effectively renders the FINRA Daily VOLUME reports useless in the OTC.

At some point many promoters realized that could take advantage of the fact that the word "short" is used in those daily volume reports and the fact that the "numbers" would always be high and OTCshortreport was born.

The misunderstanding and misrepresentation continues to this day.

Thanks again for the opportunity to clarify even more.