Your comment:
"You have been provided with accurate information and links to back it up. Stubborness is not a virtue."
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The only information I was provided as an argument was a cut and past definition (without any link, although real) that didn't even apply to a non reporting sub penny stock, but I agreed with it as being correct only because it was correct when applied to a reporting companies stock in which a MM or broker might possibly keep an inventory in as so to be able to actually borrow legit free shares not held by any investor, but it did not apply to companies like CMKX where there are supposedly no inventories of shares not already owned except in the case of brokers holding inventories that are to be sold for the company itself.
Some have made the argument that if a broker like Etrade has shares on hand that it's clients have purchased and Etrade holds in trust, that because Etrade is in control of those shares that they can loan those shares out to others and borrow against those shares as well for themselves at will.
I say that practice would still mean that one set of shares would still be worthless as they were not free shares in the first place to be borrowed and only a marker would left in someone's account saying they had a share somewhere if it ever needed to be gotten back and that wouldn't always be possible even if you knew were it went and who supposedly still had it.
The investor that originally bought that share and if Etrade allowed it to be borrowed would be getting screwed, because his investment is being loaned out without him being compensated for it's being lent out and used and it's use at the same time would dilute the legal float of the company he invested in.
IMO All trades should be matched trades with no borrowing from existing customers accounts. If the broker doesn't want to use his own money and keep an inventory to do business with then I say that the brokers should have to raise the PPS until someone sells to get shares or either the person whose shares were borrowed be compensated for their use.
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