Replies to post #69721 on Mullen Automotive Inc (MULN)

[B RY]

Happy new year trader59, my friend. The first step in the 12 steps of the short selling anonymous program(LOL!) is to admit naked short selling exists, whereas speculative shares are being borrowed. Which is why it is commonly known as "illegal naked short selling." I think "illegal" naked short selling is coming up on it's 100th anniversay, lol. I'll look it up.

"Naked shorting is the illegal practice of short-selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed before they sell it short. Due to various loopholes in the rules, and discrepancies between paper and electronic trading systems, naked shorting continues to happen."

[TenKay]

“You just borrow the shares, but instead of selling them, you keep them.... Doesn't become a failure to deliver that way, and they don't count failures to return.“

You’re joking right? 🤣