The SEC approved a rule change suggested by FINRA which gives them the power to approve or deny dividends, distributions, etc. This rule 6490 was designed to supposedly protect investors but looking at the other side of the coin it also protects the industry. I have no doubt that were those shares distributed NTGL shares would have run since they too were victims of abusinve naked shorting and still are imho. So if FINRA did not approve, no share distribution could be made. TZero is coming and same day clearing with hard locates on shorted positions will put an end to abusive naked shorting. Lets hope it happens quickly and our markets are cleansed of these crimes.
Go NTEK!!!