Simple thoughts here, but sometimes, it can prove out.
The whole scheme of naked short trading, is to pick a company, that appears could be a scam. When that company fades away, money has been made by the MM's, and they do not have to cover.
In the process of the naked short trading, they help the company to fade away, or are the cause of the fade out.
Well, CMKX, is not fading away, and a light bulb has gone off in MM land. The shares are in short supply, or they are trying to cover, OR they now realize the PPS, is going to go up one way or another, and they want soime of the action that is coming.
That being, a tender, buy out, great valuations, etc, etc.
Onward & Upward
Americans trying to make the investment world honest, one step at a time
