Dont want to get into serious discussions here but have you ever heared about naked shorting problem?
I've been following it with some amusement for years. Most of it is bs made up by unsuccessful CEOs who don't want to take responsibility for their incompetence and/or greed. Ammerman's recent PR is a clear example of that.
Did you follow GLKC?
Yes. There wasn't any naked short position in it, but for some reason most people didn't realize that. Before they did that reverse split they issued a lot of S-8 stock that DID NOT reverse with the rest of the common. So in reality there was plenty of stock in the market at all times. This has been explained many times, on many boards, but it seems that many still don't get it.
The naked shorting problem is to obvious these days that it can simply be put aside as something unreal.
Some naked shorting occurs now and then, but usually not when the Get Shorty bunch thinks it does. The real problem, and it's a big one, is toxic financing. But management is always complicit in shorting that results from the issuance of toxic paper, and they don't want to admit to that.
