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Novogen Limited Message Board

  • jrocketshop jrocketshop Mar 15, 2013 2:16 PM Flag

    Forced Purchases by Naked Shorts Required by Tuesday

    "[A] participant must close out a fail to deliver position in a threshold security that has persisted for 13 consecutive settlement days irrespective of the dates of the participant’s trades in that security."

    "The close-out process must be initiated no later than the beginning of trading on the trading day following the 13th consecutive settlement day with a net short settlement obligation."

    "Close-out" means purchasing securities of like kind and quantity.

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