There is no known regulatory mechanism where: all alleged naked shorts are suddenly trapped, “legacy phantom shares” are flushed out, or market makers are forced into a hidden reconciliation event at predetermined prices. If that existed, it would already be a well-known arbitrage mechanism across global markets.
If ILT is right, it would almost certainly require a transfer of all outstanding shares (vs. sale and repurchase on LSE) and all the brokerage houses would have to be coordinated with and onboard. ILT, any comments?
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