Since then, I’ve educated her on the Overstock precedent, walked through the legal mechanics, and demonstrated how a preferred share dividend is not just plausible—it’s a powerful strategic tool that has already worked in the real world.
You STILL fail to answer the question!!!!!
If you've "educated" her....what's still stopping her from acting?
So your theory—that she hasn’t acted because there’s nothing there—is no longer valid. She now knows exactly what to do if she suspects a naked short position.