I think the JEFF letter is damning to CMKX
but the SEC thought (and based on what I am seeing, rightfully so) that the general shareholder base would interpret as evidence of naked shorting. I suspect that they decided that since it wasn't a salient fact in explaining why CMKX hasn't filed, it could only serve as fuel for the conspiracy set.
Have a look at the other boards, that is exactly what is happening. This is being held up as naked shorting evidence, and that is just ridiculous.