Stemcell, from what I have seen over the years in these here today gone tomorrow tickers is they need to keep interest up to sell shares to new bees.
The company has brokers intentionally drop the price down to $.000001 and then the next day they buy some back at $.0001 (a 100x gain) of 10,000% increase. They do that to get people to run and grab the calculator and say to themselves if they has only bought $1000 worth of shares at $.000001 (one billion shares) and sold them at $.0001 they would have turned $1000 into $100,000. That is the logic that attracts new investors but the market makers would never have a bid buy for 1 billion at $.0001.
They may have a bid for $.0001 but for only 100,000 shares and as soon as a seller dumps them the level 2 may then change to $.00001 for 50,000 then $.000001 for 25,000 making it impossible for anyone to buy at $.000001 and sell to make any money.
As for the shorts, naked or valid. A broker can lend shares that are then lent again and again. Not naked because each lend is registered. YES lending and borrowing shares 10 times would look like naked fakes added to the market and in a way they are but those shorts end up being closed when the price drops.
My guess is they shorted BRGO big time the past week and bought all the lent shares they sold for $.0001 or more and bought them back from the company debt holders for $.000001 to close out the shorts are a fraction of what they sold then for. If the price went UP to $.0005 let say, the shorts would end up buying back higher and losing millions and you all have to know by now, those brokers and those shorting will make sure the stock tanks which it did to close all the multiple lent open short positions.
This further proves the brokers are all in on the plan to dump, dilute, short, buy back for $.000001 and repeat the process. Much of this will be covered in one of the chapters in the soon to be release book.
