Well, given the role of so many "naked short seller" diehards as scammers in our markets, they certainly do deserve the beating.
But that's not really the issue, and you should get that by now.
The accusations of "naked short selling" are used for diversionary purposes. We have multiple liars who say it's illegal (when it's not), we have other liars who say it's "counterfeiting" (when it's not), and we have yet another set of liars that claim it damages companies (when, in fact, it does not).
It really has no business whatsoever being mentioned in a conversation about CMKM Diamonds, and yet the scammers and the idiots insist upon clinging to this idea that they've been harmed by illegal naked short selling.
Since they've brought it up, I won't hesitate to show them how it can be done. Nor will I hesitate to show them that, in the case of a CMKM Diamonds, IF there had been a naked short position, no one in a millions years would ever offer to engage in some sort of a ridiculous settlement with the bagholders.
Because it would have been a winning position.
"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