Are MM's are allowed to naked short legally? (hint: yes, they have an exemption)
For Netlist, what you need to prove is collusion. You need to prove that a single or multiple MM's are being paid by Samsung, Google, Micron and/or others to purposefully naked short Netlist. The burden of proof is upon on the claimant.
Occam's razor:
1.) Netlist is being naked shorted by MM's in collusion with "big tech".
2.) Netlist is just a fringe OTC company with no profits and no significant amounts of cash coming its way for at least 18 months (barring a surprise/miracle) and its stock price reflects this.