Replies to post #797995 on NorthWest Biotherapeutics Inc (NWBO)

[seekinganswers]

Correct Jerry.
There are also NO FTDs to speak of. Any that exist are due to the dilutive and repetitive toxic financings and are only short term.

[hankmanhub]

Really? How about a .24 share price for a company about to get approval for a treatment for GBM and to move on as a platform to treat many other solid tumors. etc.

[Extremist223]

If the entire investing public hasn't purchased and held to generate a naked short position at market makers that is substantial then North America is alarmingly dirt poor..................... Especially at this stock being a penny stock of UCLA's work, where the chair of neurosurgery worked on this research her whole career. I highly doubt it's a failed therapeutic.

It's pathetic that this game even exists. Fail-to-deliver should happen the first day of an IPO and every day for a household name like for example GoPro.

and as FTD grows why would a market maker ever report the truth there, so we can all track in real time how close to bankruptcy he'd be at a single acquisition?

Perhaps it's all the lies and cheating that left the citizens dirt poor.

NWBO is going to court over spoofing, can't the investing public wake up and understand that it's inevitable?

Why would a market maker sign up to risk his own personal losses to sell involuntarily as much as I'd like to buy? Is he going to cheat me? Well obviously.

Would anyone like to sign up to trade their money without discretion and compete against the whole country?

So spoofing was necessary for the market maker, is that why the police couldn't catch it after 5 years? Because they'd be yelled at and told the whole market would crash if market makers were shook significantly?

Tell old people to stop ruining the future. The United States court room is a joke for not wrapping this up in a better way. Apparently the United States government would like me to run my IPO on a whim and to participate on the stock market at less than the best of my ability so I can lose all my money to their market maker.

How many countries have the exact same market mechanics that make poor of everyone? YUCK

[Investor082]

Agreed. I expect a few longs to go short as long as such bag holders exist! It’s likely that a vote to increase authorized share count will result in such a change of position for some because it will be easy money while bag holders wait for the elusive short squeeze, LOL! ;)

[branster]

JC, however, you cannot prove there isn't either. No one knows for sure until a big gigantic squeeze happens, and will that happen, I or no body knows but let he who speculate, speculate. I see the possibilities of large naked shorts, just maybe the discovery may uncover something hidden?

[Hspooner]

You are mistaken
Broker-dealers are ultimately responsible for ensuring that short sales, including "naked" short sales, are covered (settled) through the delivery of securities. While the initial obligation falls on the seller to deliver the shares, regulations place specific requirements and liabilities on broker-dealers to prevent and resolve failures to deliver.
Here are the key points regarding broker-dealer responsibility:
"Locate" Requirement: Under the SEC's Regulation SHO, before executing a short sale, an executing or order-entry broker-dealer is generally required to have reasonable grounds to believe that the security can be borrowed and delivered by the settlement date. This "locate" rule aims to prevent most naked short sales from occurring in the first place.
Fails-to-Deliver (FTDs) and Close-out Requirements: If a short sale results in an FTD (the shares are not delivered by the standard two-day settlement date, T+2), the broker-dealer is subject to specific close-out requirements, especially if the stock is a "threshold security" (a security with a large, persistent FTD position).
Mandatory Buy-ins: For threshold securities, if an FTD position persists for 13 consecutive settlement days, the broker (or its clearinghouse participant) must close out the position by purchasing securities of like kind and quantity in the open market. After this period, the broker-dealer cannot accept further short sale orders in that security without pre-borrowing the shares, until the FTD is resolved.
Anti-Fraud Liability: The SEC also adopted Rule 10b-21, an anti-fraud rule, which clarifies the liability of sellers (including broker-dealers trading for their own accounts) who deceive others about their ability or intention to deliver securities by the settlement date and subsequently fail to deliver.
Reliance on Customer Assurances: While a broker-dealer may rely on a customer's assurance that they have a valid share locate, they must have a reasonable belief in that assurance. If a customer misrepresents their ability to deliver shares, the customer is liable, but the broker-dealer still faces regulatory scrutiny and potential liability if they did not have reasonable grounds for belief.

[CherryTree1]

There's plenty of evidence.

Citadel LLC and Citadel Securities LLC do not publish a specific "annual report failure to deliver" document. Failure to Deliver (FTD) data for individual firms like Citadel is generally not available in their public financial statements or annual reports.
Instead, information regarding Citadel's FTDs and related violations is found in regulatory filings, press releases from agencies such as the SEC and FINRA, and disciplinary action reports.
Key findings related to Citadel and failures/misreporting include:
Regulatory Fines: Citadel Securities has been fined multiple times by regulators for various reporting failures and other violations.
Recent Reporting Violations: In October 2024, FINRA fined Citadel Securities $1 million for failing to timely and accurately report data for tens of billions of equity and option order events to the Consolidated Audit Trail (CAT) repository between June 2020 and August 2024.
Prior Reg SHO Violations: In September 2023, the SEC charged Citadel Securities with violating Regulation SHO (which governs short sales) due to a coding error that caused millions of orders to be incorrectly marked as "long" or "short" over a five-year period (2015-2020), resulting in a $7 million penalty.
General FTD Data: The official SEC FTD data is published in a raw format and does not identify the specific firms responsible for the fails. The data is cumulative and reported for the market as a whole, not broken down by individual firm in public reports.