I don't know about now but in the past on the Vancouver and Calgary exchanges Chelekis and Gump weren't entirely wrong about naked shorting. Their problem was that they didn't take into account that everyone was doing it including company insiders . No one worried about covering by a set date. They would either create paper in the future or cover when the stock was dead and buried. Then consolidate the shell and do it all over again. This post will most likely cause some eyes to roll.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.