The New Failure to deliver data for the second half of FEB is hot off the press..... I'll let you guess what's still failing to deliver every day. GME has been failing to deliver every day for months now.
This is a continuation from my other post. Pt 1. I wrote a pt 2 but the gay mods never approved it.
Failure to deliver is how many shares were not accounted for at the end of the day. GME has been failing to deliver in some capacity for a lot of weeks now. This data is posted by the SEC Freedom of Information Act (FOIA). It is only posted every two weeks, for the previous two weeks. This is the most recent data that everyone has been waiting on. Why is this being allowed, why was this not brought up at the hearings?
From the SEC regarding this data
>"The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails."
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SEC FOIA Site: https://www.sec.gov/data/foiadocsfailsdatahtmFile Hot Link: https://www.sec.gov/files/data/fails-deliver-data/cnsfails202102b.zip
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Most Recent GME Data
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https://preview.redd.it/i10wsa64w8n61.png?width=560&format=png&auto=webp&s=0828f8fdd800e2972d457bcfcfc031af855dfd71
Historic GME Data
https://preview.redd.it/ow447kgev8n61.png?width=693&format=png&auto=webp&s=4fc837b6f5b1f506adef64bec0bc25a61047f393
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https://preview.redd.it/dm58mzihv8n61.png?width=581&format=png&auto=webp&s=96938c5594c82afcfa9d12727b846ffceb22b087
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There are links to information about Failed to deliver.https://www.sec.gov/rules/final/34-50103.htm
Is GME considered a Threshold Security? ✅
>In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days. Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days.
Does the Firm have to close out the positions? ✅
>As adopted, Rule 203(b)(3) requires any participant of a registered clearing agency ("participant")80 to take action on all failures to deliver that exist in such securities ten days after the normal settlement date, i.e., 13 consecutive settlement days.81Specifically, the participant is required to close out the fail to deliver position by purchasing securities of like kind and quantity.Rule 203(b)(3) is intended to address potential abuses that may occur with large, extended fails to deliver.89 We believe that the five-day requirement will facilitate the identification of securities with extended fails.
I have a super super small position in GME, like 3 shares and 3 800 calls. Because, yolo. I am NOT a financial advisor. Your decisions are your own and I am NOT recommending the purchase, sale, or anything else of any security.