RE:RE:1 million + delivery failures?I've been doing a fair bit of reading up on this, too much probably...its all starting to get garbled up.
Naked short selling, in the US they instituted a rule called Regulation SHO, and there is a daily list published with stocks that have had consistent delivery failures....I've known about it for years and check it periodically for RVXCF, but I've never seen it.
This is the first time I've come up against a Canadian stock with delivery failures....it it wasn't for GolfYeti's eagle eye over on Agora noticing the out of bounds trades by house 100 I probably would have never noticed.
From what I've read Canadian brokerages do not require short sellers to make "positive determination" that the shares they're dumping back into the market are in fact available. I know I read that, but it was in an article that was talking about potential changes to regulations....so I don't know if its subsequently been remedied.
The question I would put is this....
If 1.6 milllion shares hadn't been borrowed and dumped back into the market, and potentially another 1+ million that were not even borrowed....if those shares hadn't been shorted, or if ONLY the located shares had been sold....What would the PPS be now?
Obviously short sellilng, whether naked or not....its going to impact the PPS.