I filed a complaint - likely won't spark an investigation, but I feel better doing it. Maybe if SEC receives a lot of complaints they will act.
Illegal naked shorting to drive down PPS caused MVIS to land on the Reg SHO threshold list. Legitimate shares are very hard to borrow now so shorts are desperate:
"market makers strategically fail to deliver shares when borrowing costs are high."
from Wikipedia "Naked Short Selling"
Ask Microvision what they have done in the past and what they are now doing about this new round of naked shorting of shares. Be a pain in the a**. Demand answers. This is criminal. How on Earth can you sell something you have no intention of delivering? Selling shares that do not exist is beyond comprehension. Where is the tar and feathers? Hedge funds located off shore are notorious for doing this. The market makers who allow this KNOW WHERE THESE ORDERS COME FROM. THEY CAN BE IDENTIFIED. MICROVISION INVESTORS SHOULD BE MADE WHOLE FROM ALL THE DAMAGE CAUSED BY NAKED SHORT SELLERS. ASK TIFFANY HOW WE SHAREHOLDERS CAN GET ANSWERS RIGHT NOW.
Yes, do all of those things and remember to set your limit order like Turtlebreathy did so you can benefit from the outcome. It is also important to remember not to use an "All Or None (AON)" with your order or you will be passing up on that partial fill scenario which turtlebreathy was able to profit greatly from in his last MVIS transaction this AM.
GOOD JOB TURTLE! Narliah must be so jealous of your continual profits while he/she continues to lose time and time again. When will it learn?
waste of time. The amount of shares is less than 20k. Read the regs. Rule 3210. Note the "N" and $50k total aggregate
Check again, the Ref Sho list. Rule 3210 is marked "N". Means position is not subject to mandatory close out.
It's on the list because there's more than 10k shares naked. However, it's easy to tell the amount of actual naked shares by the far right column. If there is a Y in that column the aggregate $ amount is over $50k requiring manadatory close out. If there is a "N" (which there is in MVIS's case) the aggregate is below $50k. Take an average price of MVIS the last few weeks, say $2.50 and you have 20k shares.
If the price is higher, obviously the share amount wil be less.
From SEC -
"Reg SHO Threshold Flag
Subject to the requirements of SEC Rule 203 of Regulation SHO
Where there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency totaling 10,000 shares or more and equal to at least 0.5% of the issuer’s total shares outstanding.
When this occurs, the security becomes subject to mandatory close-out requirements outlined in the SEC's Regulation SHO.
The allowed value will be:
Y = Yes, if the issue is subject to mandatory close-out requirements of Regulation SHO
N = No, if the issue is NOT subject to mandatory close-out requirements of Regulation SHO"
"Y" in this column for MVIS - that is why it is on the Reg SHO Threshold list (Naked Shorts).