(Total Views: 190)
Posted On: 11/22/2017 8:53:34 PM
Post# of 72446
This post is in response to post 39326.
https://investorshangout.com/post/view?id=4856261
I'm not denying that naked shorting exists in IPIX. According to the SEC, only 25,662 shares were failure-to-deliver as of October 31. That's a measly 0.018% of the outstanding shares.
20171031|45782D100|IPIX|25662|INNOVATION PHARMACEU|0.79
https://www.sec.gov/data/foiadocsfailsdatahtm
“In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[3] As a result, the seller fails to deliver securities to the buyer when delivery is due ( known as a “failure to deliver” or “fail” ).”
https://www.sec.gov/investor/pubs/regsho.htm
https://investorshangout.com/post/view?id=4856261
I'm not denying that naked shorting exists in IPIX. According to the SEC, only 25,662 shares were failure-to-deliver as of October 31. That's a measly 0.018% of the outstanding shares.
20171031|45782D100|IPIX|25662|INNOVATION PHARMACEU|0.79
https://www.sec.gov/data/foiadocsfailsdatahtm
“In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[3] As a result, the seller fails to deliver securities to the buyer when delivery is due ( known as a “failure to deliver” or “fail” ).”
https://www.sec.gov/investor/pubs/regsho.htm
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