What was discredited was using the WARRANTS for collateral vs a short position. And no, you didn't explain that properly because even I did not understand what you were talking about.
What is different was that yesterday MAXM was coming in with a Non-Held Order of significant size, and then today, the company announced that 7.5m shares were being returned before they could be deposited, and that the share structure was the same as it was back in April.
If you trace the float back, its been 59m for even longer.
With that said... what was MAXM doing? They thought they were shorting but in reality they were Naked Shorting, and will get called on it VERY SOON.