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Shame on the SEC: InterOil’s huge share delivery problems

October 8th, 2008 · 1 Comment

These figures come from buyins.net. We have been granted permission to publish them (many thanks Buyins.net!) Buyins get their figures directly from the SEC. It is a figure of shame. Deep shame. The SEC has come up with new rules against naked shorting, but they don’t even enforce their old rules. The figure below is the proof. Almost 6M undelivered shares (the high in fails was 5.96 million and the last day of data released on June 30th shows 3.43 million). This is stunning.

We call on everybody to complain at the SEC. Let them enforce their own rules. Shareholders unite!

Tags: IOC · Short Selling

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