Reverse mergers and reverse splits typically result in a change in the CUSIP, the nine-digit identification symbol assigned to a public stock. Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP.
Very interesting concept in how to make money out of thin air.
If I was Garret with his reputation as posted by a few on this board I would try my hand at this knowing the stock symbol will change.
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