NorthWest Biotherapeutics Inc (NWBO)

[Chiugray]

It seems from this video and my interpretation is that naked short sellers that do not deliver sold shares to buyers can't lose.

- If the company being shorted goes bankrupt (the PPS drop kills a bank loan covenant or pending financing)- they cover at $0.
- If the company continues as most do and there is never any reconciliation, except in the case of M&A or going private, then they can delay covering forever and hold onto the cash forever. That also means an unlimited supply of cash.
- Reg Sho can force a delivery, after which the naked shorts can just rinse-repeat. Inbetween, they fund the delivery by the cash from naked shorting another victim company.

On the topic of removing shares from the shorting pool:

Despite naked shorting, there are a number of legal shorts and within that category are layers or %'s of legal shorts that are nervous, ready to cover, or confident. We don't have to change the world of naked shorting or the landscape with the little immediate effect Yahoo MB collaboration, just kick off a small chunk of snow from the top of the mountain and watch to see if it turns into a self building snowball with a lot of momentum.

Let's not lose sight of this fact - when good news hits, there WILL be a short squeeze, DESPITE the existence of naked short sellers.