I was just reminded of something.... go back

I was just reminded of something....

Quote:

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go back and *DD*
what was reported
via *colluding entities*
when JBII triggered threshold
for the first time (2011) and
then the second time (2012)

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Remedial stuff here, it is called an EXCEPTION and it is provided by SEC Rule 203 for those converting debt to free trading shares. The PIPE financiers were dumping shares while awaiting their free trading certificate to be delivered to their broker, they are allowed to sell and leave that position open up to 35 days before covering it.

Quote:

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A convertible security that is subject to the locate requirement may qualify for an exception. Rule 203(b)(2)(ii) provides an exception from the uniform locate requirement for situations in which a broker-dealer effects a sale on behalf of a customer that is deemed to “own” the security although, through no fault of the customer or the broker-dealer, it is not reasonably expected that the security will be in the physical possession or control of the broker-dealer by the settlement date. The Adopting Release states that such circumstances could include the situation where a convertible security, option, or warrant has been tendered for conversion or exchange, but the underlying security is not reasonably expected to be received by the settlement date. (69 FR at 48015). In such situation, delivery should be made on the sale as soon as all restrictions on delivery have been removed, and in any event within 35 days after trade date. If delivery is not made within 35 days after the trade date, the broker-dealer that sold on behalf of the person must either borrow securities or close out the open position by purchasing securities of like kind and quantity.

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Anybody can see the filings for the corresponding period of Threshold.