They probably do not have certs for shares owned beneficially.
Naked Short selling in a company that is.................
1) a POS sub Penny
2) going to be de-listed
3) a POS SUB PENNY.........
is 100% pure profit and accounting rarely ever happens.....
Read up on BCIT, billions of shares on the NOBO with only 6 Mill OS, Delisted, Deregistered and never any covering ever required or even looked into DTCC, FINRA or the SEC......
Or Overstock, a company with a REAL business, they filed so you know, that actually squeezed and brought NSS to light.
There must be certs and If the certs are not deposited in the DTCC then they are sent back to the company. So someone has certs....or Do they?
Just an after thought......CYSG could actually create a short squeeze if they can get re-registered and not change the share structure.