Well, obviously... but who believes in conspiracies? Penny stocks can't prove anything, if they are not current... Which would give Naked Short Sellers an open book, allowing dilution from phantom shares to never be accounted for or proven.
Who actually can short .000s stocks? Most retail investors do not. Agreed?
Hedge Funds, Insiders do short .000s through Market Makers. Agreed?
But .000s do get shorted, like any other stock... the only difference would be for every $100 shorted at .0002, you must have 2.5 Million Dollars available.... If hell ever freezes over and a margin call is required when the price per share is over $1.50? Any truth to that?
So if the .000s short never reaches a per share of a $1.50, Market Makers will never have to close their short positions, naked or not. Agreed?
"Successful" means proving a large naked short position, obviously.
Besides pulling your certs and taking your shares off the street. What are other tactics can companies use to combat naked short selling? Any of these...Share buy backs, retirement of shares, dividend offers, ticker changes, splits, mergers, roll ups?
But for a small company to use these anti NSS tactics cost money, and most companies will do nothing about the manipulation caused by short sellers. Simple because they cannot afford to spend the little resources they have to play games with the short interest market manipulation.
TT - Any Truth N That? - TNT