The REALITY as stated by a Wall Street Professional regarding the false narrative being pushed regarding PTOI:
"Since *colluding entities* and *real numbers* are a daily topic on this PTOI board--a couple blurbs pointing out the ridiculousness of it all should also be:
an industry professional on Daily Reg Sho when it was first proposed and why it is meaningless as to short positions:
https://www.sec.gov/comments/sr-finra-2009-06...9064-1.pdf
and a securities attorney on the same:
https://www.newcannabisventures.com/securitie...is-stocks/
The Daily Short Volume Report
The Daily Short Volume Report is even more popular than the threshold list among short selling conspiracy buffs. FINRA began publishing it at the behest of the SEC in early 2010. At the time, some objections were raised by industry professionals. Jess Haberman, who’d once worked at FINRA, noted that actual short sales are not reported. Rather, “proprietary and market maker sell orders and trades will be marked short when the firm is actually long, not taking into account pending sell orders. At the end of the day, the firm may well end up flat, meaning that they have no position in the instrument. Accordingly, the marking of sell orders as short by market makers, block positioners, and broker dealers effecting riskless principal transactions may not always accurately reflect what has transpired, and publishing data derived from these transactions may not increase market transparency and bolster investor confidence.”
Working together, FINRA and the SEC had created a monster. They had provided companies and their short-obsessed investors with a resource even more seductive than the threshold list. Instead of a mere handful of issues with threshold failures to deliver, the daily short volume offered supposed “short sale” numbers for virtually every stock traded on the national exchanges and over-the-counter. Every day, hundreds of message board posters submit posts about attacks on their stocks by dangerous shorts. Sometimes, they add each day’s numbers to arrive at totals rising as high as trillions of shares. Protests that short interest is a running balance fall on deaf ears.
How promoters and issuers misuse the Threshold List and the Daily Volume List
If a company—a cannabis company or any other penny issuer—is being promoted, the promoters may build much of their campaign on expressions of outrage at the “obvious” short selling driving down stock price. Usually the alleged shorts are mysterious “offshore” entities aided by complicit market makers and message board “bashers,” and their pernicious activities are “proved” by the threshold list, the daily short volume list, or both."
"Since *colluding entities* and *real numbers* are a daily topic on this PTOI board--a couple blurbs pointing out the ridiculousness of it all should also be:
an industry professional on Daily Reg Sho when it was first proposed and why it is meaningless as to short positions:
https://www.sec.gov/comments/sr-finra-2009-06...9064-1.pdf
and a securities attorney on the same:
https://www.newcannabisventures.com/securitie...is-stocks/
The Daily Short Volume Report
The Daily Short Volume Report is even more popular than the threshold list among short selling conspiracy buffs. FINRA began publishing it at the behest of the SEC in early 2010. At the time, some objections were raised by industry professionals. Jess Haberman, who’d once worked at FINRA, noted that actual short sales are not reported. Rather, “proprietary and market maker sell orders and trades will be marked short when the firm is actually long, not taking into account pending sell orders. At the end of the day, the firm may well end up flat, meaning that they have no position in the instrument. Accordingly, the marking of sell orders as short by market makers, block positioners, and broker dealers effecting riskless principal transactions may not always accurately reflect what has transpired, and publishing data derived from these transactions may not increase market transparency and bolster investor confidence.”
Working together, FINRA and the SEC had created a monster. They had provided companies and their short-obsessed investors with a resource even more seductive than the threshold list. Instead of a mere handful of issues with threshold failures to deliver, the daily short volume offered supposed “short sale” numbers for virtually every stock traded on the national exchanges and over-the-counter. Every day, hundreds of message board posters submit posts about attacks on their stocks by dangerous shorts. Sometimes, they add each day’s numbers to arrive at totals rising as high as trillions of shares. Protests that short interest is a running balance fall on deaf ears.
How promoters and issuers misuse the Threshold List and the Daily Volume List
If a company—a cannabis company or any other penny issuer—is being promoted, the promoters may build much of their campaign on expressions of outrage at the “obvious” short selling driving down stock price. Usually the alleged shorts are mysterious “offshore” entities aided by complicit market makers and message board “bashers,” and their pernicious activities are “proved” by the threshold list, the daily short volume list, or both."
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