Replies to post #100589 on RCC Holdings Corp fka RCCH

[Brad S]

I think you just witnessed one example in which FTD's weren't naked shorts. They were most likely unsettled trades made within 3 days of the global lock. Just out of curiosity, who do you think reports FTD's?

[frogdreaming]

Of course you would. What people want to believe will always trump facts and common sense.

i would venture to say that the VAST MAJORITY of FTD within the OTC/Pink worlds are the result of naked shorts.

The memorandum from the DTC was very specific. It explained that the 'aged fails' were due to legitimate sales (not short sales) that were attempted AFTER the lock had been imposed. Because of the lock those sales could not be cleared.

So whether or not the 'VAST MAJORITY of FTD's' are the result of naked shorts or not (as you claim), these particular ftds were not related to short sales.

Furthermore, I find it fascinating that you can suggest that naked short sales will result in FTD when you have insisted for years that FTDs have no relationship to naked shorts. The FTD numbers have been reported here a thousand times and you have dismissed them as being unrelated to the imaginary naked short position. Now you are claiming that naked shorts do result in fails to deliver. It's hard to imagine how you can square these two diametrically opposed concepts in your mind without getting an excruciating headache.

One can only assume that you have reviewed the logic of your belief structure and altered it, or are you just letting the breeze blow you in whatever direction it is going at the moment?

If naked shorts result in ftd, why are there no ftd's for RCCH stock?