Replies to post #2608 on Globalnet (fka GLBT)

[fugazyh8er]

Cali, this is the scenario I was hoping for. You have just asked the all important question. What will Mark do now? I hope he was saving up.

I was worried about a long drawn out comply period but 35 days is actually short. I wasn't expecting it to be that short. The only question I have is they have 35 days from the date it takes effect, when is that date? Today? I know the vote went through but is there additional steps for ratification?

Below is what I am wondering about. Taken from your post.

Posted by: calitrader
In reply to: None Date:6/13/2007 12:19:06 PM
Post #of 2609

SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES


Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days.