If so many counterfeit shares were created as "is thought" then those counterfeit shares must have been bought by someone, when they were sold and the buyers must include including shareholders who have been averaging down for years.
For all we know, many of the people posting on this board unwittingly hold mostly counterfeit shares.
If so many more shares than NWBO are supposed to have exist, there will come a point where we know.
If a short squeeze occurred because NWBO skyrocketed I am not sure how it would work if the short sellers could not cover. Would the brokerages be able to absorb the loss and hope to collect the debt later. How would the federally backed insurance work for shareholders and how long would we stay in limbo. And at what price would get compensated?
I am also not sure how this would work in a buyout scenario or if NWBO went it alone and one day paid a dividend.
If naked shorting is really such a well recognized problem, then presumably there must have been a company that made good and scenarios where a lot more shares turned out to be out there than the company was officially supposed to have and it is strange that no one who talks about naked shorting discusses those past scenarios.