AimRite Holdings Corp (AIMH)

[Farrago]

The whole float, air shares, naked short issue has been beat to death at least a dozen times, and quite frankly, I don't know what I really think. On the one hand, I have no reason to doubt folks on this board that say they have firsthand knowledge of people holding combined positions in multiples of the float. And I have no doubt that the T/A may have verbally confirmed that the float hasn't changed. Yada yada yada. But who knows.

All of that aside, I do have a question - and this is out of total hypothetical curiosity. Let's just say, let's pretend, let's hypothesize, that whatever the float is, there are more shares held by shareholders in their accounts than the float...

Is there any single event that would cause all of those shares to be accounted for? And if that were to happen...all shares in shareholders accounts were tallied up, and it was clear that more shares were owned than the float, clearly there would be a problem. But my question is WHO is responsible for that? Is there any way to prove which MM's were shorting and never covered, or which were selling naked shorts?

I mean, it's nice to fantasize about a huge short squeeze caused by millions of naked short shares or "air" shares, but I'm just asking, even if they're really out there...what would cause them to be brought to light and then who would have to cover?