Schmed-how is the government going to "get ripped"? There aren't even delivery requirements in the shares of a revoked security, and at any rate any fails are an issue between the buying and selling brokers. So what liability do you think the government has? Please be specific, and cite statutes or regs if you can.
Not that it matters. At the end of April, CMKX fails totalled only three million shares, and I somehow doubt that a huge naked short developed between then and the final revocation order.
Tashkent Basher Drop-box.