Replies to post #24042 on Ise Blu Equity Corp (ISBL)

[mainuh]

sabdosh,
ISBL has been on the SHO list forever, this dividend should have the effect of making the shorts cover. IMO, it was done this way to force the cover of ISBL.
The only way to get BGGR shares at this point is to buy/own ISBL shares.
If they don't cover today, then they will get a fed margin call at some point for BGGR shares when it opens for trading if the short is a broker-dealer/mm, they will have to cover or 'buy-in' their short position. It happens all the time in the market, we just don't hear about it, SEC Rule 203 enforcement happens.........
If an individual shorted ISBL and didn't cover, then they will be getting an in-house broker intitiated margin call when BGGR trades, and they will have to have enough margin in their account to handle BGGR's pps, and if BGGR goes up, their broker will make them either cover or buy-in their short of BGGR.
Naked shorting is detrimental to all companies, but the rules are changing, even though ISBL hasn't been covered yet, it should be at some point, imo.

Mainuh