Replies to post #66083 on Paychest Inc (PYCT)

[georgegreen]

How interesting , fake shares created out of thin air ...again.
The naked short on this is truly Historic.
Looking forward to the correction period !

[dcjr4107]

I thought they needed to cover within 13 "settlement" days per NEW FINRA RULE?.

LOL, crooks will always be crooks

Amended by SR-FINRA-2010-028 eff. Oct. 15, 2010

This version of the rule (or interpretive material) does not become effective until Oct 15 2010

This rule was introduced with the filing of SR-FINRA-2010-028, which has been approved by the SEC. This rule becomes effective on October 15, 2010.

(a) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity.

http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=9398

[adanac]

Tuesday's Action
09:30:11====250,000====@.0001 (BID)
09:38:03===6,550,000====@.0001 (BID)
10:46:30===2,000,100====@.0001 (BID)
15:52:22===1,000,000====@.0001 (ASK)

FTD Report
20101109|PYCT|3000100|9800100|O

MONTH TO DATE|154,049,199|176,848,191|O + 13,000,000

NUMBER OF TRADES 67 (2 @ .0002)

Pink Sheets

0.0002===+100.00===$1,080===9,800,100===4