Replies to post #19298 on Universal Energy Corp (UVSE)

[mikeyk]

Yeah, I understand the T+3 applies to regular short sales, and that naked shorting is now completely banned (actually been illegal since the security act of 1934 just never enforced), but the question was how long do the MM's/whoever have to cover the naked short positions? There has got to be a huge naked short position on this stock.