Replies to post #43724 on Greater Cannabis Company Inc (GCAN)

[V4T2020]

Lol. Hard not to laugh.

[Sheepdog]

all Naked Short Selling is legal according to previously reported statements

Aitan just being stupid when he tells shareholders this crap. Not all Naked short selling is legal. But it is not all illegal as has been claimed by Mr Wrong Aitan. But then, he just lies for a living.

From the SEC website:

“Naked” short selling is not necessarily a violation of the federal securities laws or the Commission’s rules. Indeed, in certain circumstances, “naked” short selling contributes to market liquidity. For example, broker-dealers that make a market in a security[4] generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.

https://www.sec.gov/investor/pubs/regsho.htm#_ftn7