well, pumpkin, i dont have a vendetta to carry out
Post# of 9123
there are huge differences between blues and pennies that factor into the ultilty or non-utility of twice monthly short reports
pennies have been a shorters paradise ever since ca sep 2009 due to the unconstitutional vendetta political mandate executed without warning or due process against longs by somebody who was the most radical and anti- business person in 1 of the branches of congress (the public werent aware of that or he wouldnt have been elected) before he instituted that search and destroy against defenseless pennies 'business is evil' doctrine-
as long as a semblance of democracy remains he will lose that office in under 2 years -then a more normal constitutional due process approach should return to pennies
some huge differences between low pennies and blues are:
1)bid ask spread is much larger % in low pennies -which is both a cause and effect of mm etc manipulation-brokers say the spread belongs to the mm-so w such a huge spread mm's have a huge incentive to short etc pennies -some reportedly hiring/paying basher shorter /cartels etc to do so-many bashers on these boards are reportedly paid by mm's and hedge funds( see 7-10-11)etc because its a rich trolling ground they earn billions from over decades
2) shorts vary widely from day to day as seen in all the charts posted on pennies-making twice monthly reporting useless even without mm's days to prepare for those reports by using a dozen ways to hide true shorts-see 4kids9pets and civil right lawyers posts
shorts vary much less in blues
3) days to cover are almost always reported by otc as 1 -3 days on pennies- i'm not a shorter specialist -i've listed those who are- but i've seen lists of days to cover in blues of 20-163 days
as w # 2 this is a big difference/reason for reporting shorts twice monthly in blues but such reporting is useless in pennies w a1-3 days to cover w widely varying from day to day short count
4)due to much greater incentives/ profit in shorting pennies naked shorts have probably been a much larger problem in pennies
5) other reasons
in short no matter what the utility of twice monthly short reporting in blues there is practically no utility to such in pennies
but otc dtc brokers etc are hostile to low pennies-where shorting is greatest- and otc etc are trying to eliminate low pennies - thus dtc wont usually remove restrictions unless r/s to 1c pps and otcqb new rules of 1c bid price
so otc etc are not going to cater to low pennies by reporting daily short volume-instead they focus on something which has utility only to blues and higher pennies
otc's mantra is transparency and they are interested in transparency partly because it increases thier bottom line - transparency thus refers mostly to the co classification on otc -the higher the class -the more fees to for profit otc
regsho.org ORF as i've said before-something u refuse to acknowledge like everything else- is the FINRA reporting of daily short volume- which is the standard to follow in low pennies
due to the high mm etc manipulation in pennies the twice monthly reports volume will be the MINIMUM # of shorts for that day after mm's have had days to manipulate the figures and hide true shorts in prep for such reporting- aware of new (reportedly often violated) rules against naked shorting published mar 2011-which somehow escaped the unconstitutional dragnet against low pennies