Taking Stock Episode 27 - Issuer Recognition of Naked Short Selling
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This week on Taking Stock, Chives and 6days discussed some of the developing narratives in the ownership space. Billionaire attention has started to levy more towards short selling and market fairness, and specifically, Truth Social’s CEO has been bringing attention to the potential market abuse from market makers and encouraging shareholders to move shares to the transfer agent to hold in direct registration.
At time of recording, they had released an 8K drawing attention to an update to their FAQ asking shareholders concerned with short selling to hold shares through the transfer agent. A few days later after this recording, they updated the FAQ page again to include the phrase DRS as well.
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Twitter/X Link:
https://twitter.com/i/spaces/1PlKQDrrXbMxE
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Links and Resources:
Articles about Elon Musk on abusive short selling
https://www.businessinsider.com/elon-musk-short-seller-height-joke-shareholder-trial-2023-1
https://www.businessinsider.com/elon-musk-sells-red-satin-tesla-short-shorts-2020-7
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Patrick Byrne's response to short sellers
https://finance.yahoo.com/news/patrick-byrne-final-act-overstock-133613713.html
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Truth Social CEO on illegal short selling
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Thread on Truth Social vs Citadel Securities
https://twitter.com/sboho/status/1781745474153693363
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TMTG Investor Relations
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Special Thanks to:
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