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  4. Calissio Resources Group, Inc. (CRGP) Message Board

The objective of a "naked short" attack is to driv

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Post# of 11039
(Total Views: 323)
Posted On: 08/31/2021 11:41:31 AM
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Posted By: 100MPH
Re: misiu143 #10625
Quote:
The objective of a "naked short" attack is to drive a company's stock price to the lowest prices possible and keep that stock price at that level with the hopes a company never recovers in value. This strategy in this illegal shorting allows the criminality to continue unchecked, raping millions upon millions of dollars out from the financial system.



Sound like a foreign entity hijacking US corporate property to destroy the US economy thru the OTC markets where its easy to take over a shell trading in US exchanges and stealing its liquidity. Could be a contributor to Secondary market challenges with cash availability that allow banks to use for loans and derivatives.

I think there was a recent Executive Order dealing with Foreign interference among obligations that require FINCEN to protect the currency and its supporting infrastructure (US exchanges) as a means to national security. But that can't be the reason why a U3 halt (CRGP) was activated by Finra to protect the financial system in 2015?



https://otce.finra.org/otce/tradingHalts

Quote:
U3 Halt – Extraordinary Events
Trading is halted because NASD has determined that an
extraordinary event has occurred or is ongoing that has had a
material effect on the market for the OTC Equity Security or has
caused or has the potential to cause major disruption to the
marketplace and/or significant uncertainty in the settlement and
clearance process.



https://www.finra.org/sites/default/files/Not...019063.pdf
https://www.finra.org/sites/default/files/OTC..._Guide.pdf


Quote:
(C)(i) FINRA determines that such extraordinary market activity is caused by the misuse or malfunction of an electronic quotation, communication, reporting, or execution system operated by, or linked to, FINRA; or
(ii) After consultation with a national securities exchange trading the security, FINRA determines that such extraordinary market activity is caused by the misuse or malfunction of an electronic quotation, communication, reporting, or execution system operated by, or linked to, such other national securities exchange.



https://www.finra.org/rules-guidance/rulebook...rules/6120

Reference FINRA rules
https://www.finra.org/rules-guidance/rulebooks/finra-rules

Rule 6000. QUOTATION, ORDER, AND TRANSACTION REPORTING FACILITIES
https://www.finra.org/rules-guidance/rulebook...rules/6000

Rule 7000. CLEARING, TRANSACTION AND ORDER DATA REQUIREMENTS, AND FACILITY CHARGES
https://www.finra.org/rules-guidance/rulebook...rules/7000



Thought this was interesting too...monthly volume by market participant. Couldn't retrieve that data going back to April 2020...lol.
https://otce.finra.org/otce/marketStatistics/...hareVolume

Just thinking outside the box here...nothing to see...carry on!

$13
$CRGP


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Calissio Resources Group, Inc. (CRGP) Stock Research Links


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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”

https://www.bloomberg.com/opinion/articles/20...ify%20wall

https://www.scotusblog.com/case-files/cases/m...v-manning/





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