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PENNIEStoSTACKS

02/09/06 8:06 PM

#34501 RE: same53 #34498

"Naked" sales occur when shares are sold by sellers who don't borrow them and have no intention of doing so. Coulson expects the expanded reports will show that legitimate market makers are not engaged in "naked" short sales of OTC stocks, although many of those who commented to the SEC in support of his petition took the opposite view.

Once the new monthly reports are filed to the NASD, Coulson said the Pink Sheets will make them available free of charge. His only complaint is that the reports aren't filed more often: He'd prefer daily reporting on short positions."

Good read Same, we should see some a big change in PPS shortly. imo