Replies to post #232505 on Digital Brand Media and Marketing Group Inc (DBMM)

[cardmaster114]

The SEC created this mess. If they dealt will the illegal naked short trades awhile back, they could have prevented this situation. New rules could have been in place to either stop naked shorting or limit the amount of a float to copied shares. Now a brokerage house that backs this naked short trade will get slaughtered on a covering. Hopefully they have some insurance trades to hedge that position. If there are 1.5 billion short share out there, we will see $ 3.00 in 48 hours on a covering. My personal guess is the SEC MAY CHANGE THE RULES here before that make a decision to limit the covering of shares. The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.