FFGO - I agree, we may never know how it works out on the other side. They would be smart to pay out the dividend, and cut their losses on this one. Otherwise, they demonstrate how the game is being played behind the curtain. How is it, only the retail American traders have to play by the rules and the MM's and Canadians could short short and short, and never deliver, nor ever borrow a single share to do so?
If they decide to buy into the ask to collect all of the fake/phanthom shares out there, they will admit there is/was a NSS position (which never has shown up on any list), as well as, a short interest position (which also has never shown up on any list).
Research conducted by Global Stock Transfer of Denver, CO indicates that DTC accepts numerous "exemptions" to delivering shares that are sold, including, but not limited to: a. "We hold a convertible security that represents the shares we sold" -- (see "death spiral financing") b. "Our regulations do not require us to deliver shares sold in this fashion" -- (see Canadian IDA Rule 100 which outlines margin requirements to short sell US stocks -- including penny stocks -- without borrowing the shares or ever delivering them).
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