thx for the post kelt .. but that tripe is just th

thx for the post kelt .. but that tripe is just that .. NR FUD .. designed for *noise*

i've never seen an OTC stock .. imo *targeted* as IPIX et al have been for years
have an abusive short covered due to name/ticker/cusip change out

what you will see *usually* is the daily reg sho %s increase for x amount of time
in IPIX's case (and from memory so i may be off a smidge) .. daily reg sho ran
*higher* for approx 30 days until NR (non retail) could rope them back into algo line


4kids

Quote:

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osted On: 10/30/2017 3:38:47 PM
Avatar
Posted By: sox0407
Re: AlanC #35552
None of the naked shorts covered because there were barely none. All shares have to be accounted for due to the name/CUSIP change.

"Both your transfer agent and IR firm should be able to advise you on the effectiveness of combating naked shorts by changing CUSIP numbers, reverse mergers, and/or reverse splits. Although the long-term effectiveness of these strategies is questionable, it may be useful as part of a larger strategy to deter naked shorting. After changing your company's CUSIP number, for instance, all existing stock certificates must be exchanged for new ones. All issued and outstanding certificates from old shares will no longer represent an interest in the company until exchanged ."

www.hawkassociates.com/ir/white/shorts.cfm

"Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market ."

https://groovevc.wordpress.com/2017/04/12/is-...t-squeeze/

Quote:
I expected none of the naked shorts to cover and none did.

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