Another guy posted the rules. It is 16 to 20 days
Post# of 11038
It is 16 to 20 days naked shorts have to cover.
Naked shorting is totally illegal. Brokers have to report in a certain timeframe that the equity is indeed there.
It leaves you pondering the COR|Etrade relation... Also, all of the paid etrade ads on IHUB.... Not to mention both COR and ETRADE have faced HUGE penalties and fines for naked shorting in the past.
They will have to buy your shares at your price lest be involved in securities fraud.
My opinion is that they are doing this extreme bashing to soften the blow.
The more people that sell at .0005 the better. Unlike us longs that have sells posted at $2.
BTW. Naked shorting IS illegal and will not show up on our legit short reports.