Very interesting take on it. I think there will be a big reality check here for some of the people on this board....I still view this longterm personally...GLTA
I really doubt the MM's will have to pay the price for naked shorting. At worst they will have their wrists slapped and some window dressing regulation will be passed or some settlement will be reached for pennies on the dollar. I would very much benefit from the MM's having to cover. So I would love it if they did have to cover. But I would be astounded if they are caught let alone made to pay up.
You said "I think there is a reasonable chance that the market makers will find a way to screw us."
They always do seem to win don't they!? Here's my take, I think the market makers are totally blind in this situation. If this pink sheet was moving to another US financial market like OTCBB there would surely be back room "leaks" (aka corruption) and the MM's would use that "info" to stack the deck in their favor. However, RCCH is bypassing the corrupted US system and moving directly to an International Exchange which is going to put MM's at a SERIOUS disadvantage. I hope I'm right!
I have the same doubts as you, I think this thing is between 1 and 2 billion oversold, I think there is a reasonable chance that the market makers will find a way to screw us.
Example numbers used: If there is only 500 million in the float and there is only 100 million divys to be paid from audited share structure and there is 2 billion in the float which means there will be 400 million false divys and 100 million real ones.
There will be a monster squeeze, no doubt in my mind. MM's will be forced to cover and blood will be in the streets.