Close-out purchases of stock on threshold securities lists will not necessarily drive up prices of such stocks. One of the primary purposes of Regulation SHO is to clean up open fail positions in threshold securities when they reach a relatively low aggregate level, but not to cause short squeezes. The term "short squeeze" refers to the pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush by short sellers to cover produces additional upward pressure on the price of the stock, which then can cause an even greater squeeze. Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.
Telkomsel is the 6th largest telecommunication operator in the world.
Is there a report that shows the total volume missing? How long can they not produce the shares? Sorry never seen this report before.
13G on NQ IR
Finding shares to short just got harder. Thanks Brad Gerstner at Altimeter.
They now have a 6.3% stake! Guess they are aware of any fraud.
The forms are online if you don't get any.
The pay out is based on event days:
9.26.2011 $5.11 per share
11.2.2011 $11.33 per share
2.9.2012 $13.42 per share
If you owned before the 9.26.2011 you get a total of the three. Be sure to keep copies and send by certified mail with proof of delivery.
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