Are OTC stocks somehow better-regulated than exchange-traded stocks when it comes to failures to deliver? If it took 6 months to figure out the exchange-traded problems at BTIG, maybe problems could stay hidden longer for OTC stocks?
A buddy and I once owned 2X the total float of an OTC company (we got the numbers of shares directly from the TA). The stock just kept trading at high volumes, even though we weren't selling our shares and no legal short position ever appeared. Hard to figure how that all happened without someone breaking some rules.
But this is all a moot point, because MIKP is going to rise for reasons that have nothing to do with shorts and everything to do with Vampirella, Wish, and Ella Clah.
I am obviously NOT an investment advisor.