How can the SEC allow what is essentially counterfeiting and theft—not to mention fraud—to continue unabated? The penalty now under reg SHO is that if the offending party that originally perpetrated the fraud doesn't cover the naked short within 13 trading days, the broker is barred from shorting any more on behalf of that account! Wow. Isn't that onerous. Imagine if the penaly for counterfeiting US currency was that you would be barred from passing bad bills through the same branch! I can't wait until some good Class Action attorney sues the SEC for essentially allowing an ongoing stock fraud to continue unabated.
I have no idea how can you buy 1 billion shares with a float of 56 million..
1 first the price has to go up
2_you need to strike a deal with PAIV
3 you need to pay a hefty Fine !
4 you need to buy back the restricted shares of the Long at a price ..
here is the dilemna : it's a spiral , the price is averaging down artifcially by adding more short shares to the bill!
IMO be patient here you are going to be very well rewarded !