Looks like an accurate description of naked shorting. Not as direct as some my have explained, but par for the course from (hypothetical) active participant (obviously, referring to NAKED SHORT STOCK MANIPULATORS AND FRIENDS AND FAMILY) trying to deploy smoke screens. If TA really was involved, CEO would simply inquire, which is most likely how Bruce was informed of these schemes dirty B/D's play. Weren't we told that there is no shorting pennies, but here we have a public confirmation by the CEO? If Bruce actually was converting notes, he would simply state so to the public, or would risk penalization for misinforming public. I would think CEO has best intel, and not Gabbi and friends.