Replies to post #23185 on Paychest Inc (PYCT)

[2manystucks]

Let's break this down to the most simplest facts.

You buy 1,000,000 shares of stock from "bad" broker XYZ through the DTC. DTC credits you with 1MM shares and debits XYZ 1MM shares.

XYZ flys the coup and never delivers your shares.

After failing for a certain period of time the stock is listed on SHO and on the short interest report.

Got it.