That's a good post Mags and very accurate. The shorts will not hesitate to do whatever it takes to prevent a squeeze. Now, the difference between SPNG and say Overstock or AIG who were both hurt badly by naked shorts, is that we will have a plan that includes an accounting of legit shares, ie. divy, TO, move to nasdaq, etc. The other companies, to my knowledge, di not.
Also, keep in mind that while the shorts themselves will pull no punches, ultimately it will be their brokerage firms that will require either huge margin calls or a cover. If the shorts refuse to cover, then their broker will liquidate all of their other holdings and pay what is needed to cover. If they don't have enough funds to cover, then the brokers will have to pony up. Getting enough funds to pay all of us big money for our shares should not be a problem. It could however, get very dirty.
