Smit Dog, the SS cannot be confirmed, as the T/A is gagged. Only the company can confirm and no matter how much you love a pink company, you never rely on what they say. So we think we have a float of 600 million and it certainly trades that way when you watch the L2 for any length of time.
To the issue of shorting, it is hard to really know. Again you can tell when MMs are covering watching a sharp increase in buyers and the MMs scrambling on the L2, and the PPS moving up rapidly. Also fake shakes by the MMs in the middle of a run are a good sign they have decently shorted positions.
Pinks probably still suffer from naked shorting, but Europe is leading the way to make that a thing of the past across all stocks globally. But pinks still stink until they don't.
MMs job is to provide liquidity, and if they can't because of shorting, they will have to cover. That is not an urban legend. Not sure about 165%, that sounds like a contrived number to me.
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