That's all hogwash. "Naked shorty" is always the scapegoat cited when the pumpers dump their holdings for profit and the stock price goes down. It's a myth foisted on every pump and dump. I'm not denying any "truth," just calling out the BS. The real fraud here was the folks who fabricated the fairy tale about a short squeeze happening here in order to dupe the naive into "buying and holding" this stock. It's their fault folks are now trapped in a private company that appears in their financials to be worth about 20 cents a share.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.