When I first bought shares in $DBMM the conservative estimate was 300 million naked shorted.
Two things prompted me to guess that this 300 million naked short shares is way low.
First thing is $DBMM has been naked shorted for years since becoming a target of HFs. Many of the same tactics used for stocks like $GME, $AMC can be and were used on $DBMM. Dark pool trading, recycling shares to create more supply then demand, FTDs (synthetics pumped out), holding orders to manipulate the share price DOWN.......
Second thing is Citadel the market maker.... the devil..... so I know that it has to be at least the float that is shorted. With all this other nonsense involved and Citadel at the wheel, nothing would surprise me.
They almost succeeded in making tax free money revoking $DBMM...... but almost revoked isn't revoked. SEC lawyers blew it. Judge Foelak "case dismissed"
When it was brought to light that Citadel had a hand in $DBMM it all made sense.
$DBMM ====================> DBoooMM~!
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