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cngreen

09/27/21 1:38 PM

#58592 RE: chrislal #58591

I believe that other Fail to deliver on 8/27/21 was covered already but the point was some brokerage sold naked short before they had the shares borrowed as one is supposed to do.

We live in the electronic age where shares are delivered electronically like a wire transfer. You don't see wire transfers taking 3 days and people complaining wheres my wire when everyone knows it should be there and settled that day.

Also, as long as someone is willing to pay the fee percentage on borrowing the stock they can borrow for as long as they like unless they get too upside down and the brokerage forces a margin call on them.