Replies to post #5382 on Firemans Contractors, Inc. (FRCN)

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Reg SHO Threshold Flag1 Subject to the requirements of SEC Rule 203 of Regulation SHO

Where there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency totaling 10,000 shares or more and equal to at least 0.5% of the issuer’s total shares outstanding.

When this occurs, the security becomes subject to mandatory close-out requirements outlined in the SEC's Regulation SHO.

The allowed values are:

Y = Yes, if the issue is subject to mandatory close-out requirements of Regulation SHO
N = No, if the issue is NOT subject to mandatory close-out requirements of Regulation SHO

Rule 32101 Subject to the requirements of NASD Rule 3210

Where, for five consecutive settlement days, there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more and the reported last sale during normal market hours would value the aggregate fail to deliver position at $50,000 or more.

When this occurs, the security becomes subject to mandatory close-out requirements outlined in NASD Rule 3210.

The allowed values are:

Y = Yes, if the issue is subject to mandatory close-out requirements of Rule 3210.
N = No, if the issue is NOT subject to mandatory close-out requirements of Rule 3210.