VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: Thu Ra Tin who wrote (1958)	11/28/1997 1:21:00 PM
From: TraderGreg	Read Replies (1) of 11708

Because this particular Shorty was permitted to short because he and his broker thought, at the time, that the short was covered by a long position. When the broker learned that Shorty's "long" shares did not exist, Shorty was given the deadline. In general, a short position only needs to be covered when the certificates are called, unless the broker demands the short be covered. Certificates are gradually being delivered. IMHO, this is a request that I hope has delays because delays imply that the shorters are stalling for time! TraderGreg

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