Just because the naked shorters did not follow the law and cover according to the Reg Sho grand-daddy clause elimination does not, in any way, imply that there is no naked short position. 1. Sorry ... Loftwerks came into existence after the grandfather clause came into effect, so it never did apply to Loftwerks. LOL
2. There has never been one ounce of proof that a naked short position existed.
3. We do know that a Pump & Dump was executed via the Nominee Accounts.
4. The naked short story comes up as the last gasp explanation by the Koolaid Korps to explain the volume, when they can not accept that fact that management Pumped and Dumped them. LOL