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Nanotech Entertainment Inc NTEK
Posted On: 10/12/2014 1:53:28 PM
Post# of 96892
Posted By: PowerPuncher
Re: AlanC #7770
great post. even the summary speaks volumes


Quote:
Summary

In summary, investor rights were slowly usurped by the advance of technology that did
away with the investors name on specific certificates of ownership. This obfuscated the rights of the certificate holder and led to an increase in the transfer of those securities for short sale purposes, against the investor’s best interest. The potential damage of increased short sales was held at bay by the uptick rule that effectively limited the amount of shares that could be shorted but this rule was repealed. By returning to a permission based system, whereby the holder of the securities regains the full right to determine the fate of those securities, a natural balance will be returned to the short sale market (whether or not the uptick rule is reinstituted). The rightful owner of the securities will once again be in a position to determine if he or she wants to loan their securities to a third party.

The result of full disclosure and the return of this basic investor right will be reduced market volatility, an economic system that does not penalize innovation, and a level playing field for all investors.


https://www.sec.gov/comments/4-627/4627-95.pdf













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