Replies to post #1786 on Michelex Corp (fka MLXO)

[Transat 5]

Right.

The SEC is a joke.
The Germans even had a dig at them the other day about their non control of the shorters.
(Hypocrits - when everyone knows the Berlin Bourse is a nest of shorters!)

Maybe Donaldson will clean up the act.
Its harming the US markets cred.
We live in hopes. LOL

Now one thing MLXO can do is a recall on all shares.
There are a couple of devices to do that without too much pain.

It also helps if us holders asked for physical possession of certs.

[alleyoop007]

reg sho makes for conversation,anything is an option for impact but it could also be as simple as one transaction for 10k shrs or more naked by an mm who guessed wrong and hasn't been able to buy them back cheaper to cover and make a profit yet.and the 13 day buy in rule doesnt hold water as many new to the list stocks that weren't grandfathered in stay on the list longer than that.
if you read the regulation it says something weak like mm's are encouraged to begin to take measures to close out their naked positions,,,what does begin to take measures mean?