Stockhound-and the PPS of a company in the third market has what to do with their operations or the value of their assets?
CMKX raised tens of millions of dollars in capital from the dumping of tens of billions of shares. If there had been a "naked short"-impossible in an unsolicited quote stock-all it would have taken to utterly destroy the sillie shorties would be to actually establish some value for the company assets.
Short selling does not dilute the float. Don't you think 700+ Billion shares, all by themselves, were more than enough dilution to do in a tiny little mining outfit?
And CMKX let all its claims lapse. Who's fault was that? Certainly Urbie raised enough money, many times over, to keep those claims if he had any intention of creating real value for share holders.