Replies to post #2123 on NanoTech Gaming Inc (NTGL)

[ZIGZAGHI]

Reg SHO Threshold /..... Provided when the # of securitys-shares represented in short positions is 10,000 shares or more and 0.5% or greater of total shares o/s tso,for 5 or more days, then the security becomes restricted and is subject to mandatory close-out requirements for short sales as outlined in the sec reg SHO. This was the definition I could find for the SHO LIST..........What do you guys think for CTKH position looking foward....

[kahuna]

ZIG,

"The "close-out" requirement requires a participant of a registered clearing agency to close out any fail to deliver position in a threshold security that has remained for 13 consecutive settlement days by purchasing securities of like kind and quantity. If the participant does not take action to close out the open fail to deliver position, the participant is prohibited from effecting further short sales in that security without first borrowing or arranging to borrow the security ("pre-borrow" requirement). Market makers are not exempt from this requirement."

It is an attempt by the SEC to diminish NAKED SHORT SELLING of securities. So it is good for CTKH (and other securities) if it works, but some think that the Regulation SHO is not working as well as it was intended.