but either way the one's holding the shares would still win.
Nope, there would be nothing held at the end, and the end would occur fairly quickly after 35 days. Both the MM and Broker would receive a stiff FINRA fine. Probably both would be suspended from doing business for a set amount of time. The MM would be forced to cover to resolve the FTD. The Broker would deduct the funds from the account of the NSS, and close it.
Reality is a NSS of a grey stock would light up immediately like a neon sign for FINRA. It takes a mere 35 days by FINRA reporting, and probably T+4 for the computer to detect as suspicious. No Broker would risk their business for a commission on an illegal NSS trade. Neither would any MM.
Yet one has the conspiracy instead. A 3rd party website adding up meaningless daily SHO numbers, resulting in billions of shares Shorted. After all, those daily accumulative numbers add up. Corrupt MM(s) and Broker(s) bribing FINRA, DTCC, and others to look the other way for 20 months and counting. Wonder if there's an angle to include the FDIC in on the bribes?
Sounds like the loyal shareholders need to find "Super Lawyer", and sue everyone in sight to uncover the fiendish NSS conspiracy. LOL
The Jewel of the Mind is Colored with the Hue of what it Imagines