Actually, if I had been naked short CMKM Diamonds, I wouldn't pay a cent. Just like I didn't have to pay a cent when I naked shorted so many other securities that went to zero.
What exactly is it that you would see me being required to pay? It was the right bet, the stock is worthless, the game is over. Thank you for playing, please drive home safely.
Seriously, Forrest, anyone who was lucky enough to have naked shorted CMKM Diamonds would only be liable for any distribution made to the shareholders. At worst, a naked short seller would have had to cough up a couple shares of Entourage.
Now they don't even have to do that.
Sweet.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital