Big thanks to MovingOn for the following: "It i
Post# of 178
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Posted On: 12/19/2018 4:22:21 PM
Big thanks to MovingOn for the following:
"It is easy to wipe out the naked shorts when the time comes. You do a corporate action and call in the old shares and issue new ones. TRON is DWAC approved so they can swap the shares over night. The market makers covering for the naked shorts need to produce the shares. Rene has been in Investment Banking for 30 years. When the time comes he will solve the issue."
A few weeks ago I was trying to look for answers on DWAC and FAST in regards to shorting. I did not find what I was in search of. I found that instead of needing paper certificates to round up the shares and the holders, that DWAC did that electronically. I made the assumption that that could help the shorting issue, but I did not have a conclusive feeling about my assumption, seeing as I could not back it from elsewhere. The way you phrased it helped a ton and added some much needed answers in the process. Thanks very much for your insights!
"It is easy to wipe out the naked shorts when the time comes. You do a corporate action and call in the old shares and issue new ones. TRON is DWAC approved so they can swap the shares over night. The market makers covering for the naked shorts need to produce the shares. Rene has been in Investment Banking for 30 years. When the time comes he will solve the issue."
A few weeks ago I was trying to look for answers on DWAC and FAST in regards to shorting. I did not find what I was in search of. I found that instead of needing paper certificates to round up the shares and the holders, that DWAC did that electronically. I made the assumption that that could help the shorting issue, but I did not have a conclusive feeling about my assumption, seeing as I could not back it from elsewhere. The way you phrased it helped a ton and added some much needed answers in the process. Thanks very much for your insights!
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