It is a dirty business Tom. You are absolutely right, shorters make pure profit if a company is delisted, so they do everything in their power to make that happen.
Even the SEC is dirty as hell. It reminds me of the story of USXP, a company I invested in many years ago. Its CEO, Richard Altomare, fought shorters and the SEC till the very end. He actually won a major court case against the SEC for allowing shorters to excessively short his stock and actively destroy his company. Of course, the SEC shut them down and delisted them for some minor infringements that the CEO had to do to keep his company alive.
We all need to remember that if we play in the mud we are going to get dirty. However, before being delisted, the CEO found some major investors in Saudi Arabia and the stock went from .0003 to .04 in a few weeks. Hopefully this CEO has a few cards up his sleeve.
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