The short sellers have zero risk because they are the diluters. They short first, then covert shares. When they convert shares, they in effect cover because they are converting at the the bid (whatever the bid) So as long as there is a bid, they will convert. They don't have buy like you would in a regular shorting situation. These diluters are just legal crooks stealing everyone's money by diluting the hell out the company. Please read link.
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