Real investors don't get caught up in the "float" game. "Float" is generally a term used to play with the penny stock suckers and in the case of most pump and dump schemes, is usually a stale number that promoters use to jam gullible traders.
But if you want to talk about people playing a game of semantics? Stick to the topic at hand, namely that of dilution. No dilution takes place when a stock gets shorted, naked or otherwise. Ever.
What really depresses the stock price of these pump and dump schemes is management teams blowing out the share counts while not informing their investors what they've been up to. Which is precisely what BCIT did.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital