The only cases were against real companies on real stock exchanges, and those are few and far between. There has never been a successful case to prove naked shorting exists, let alone naked shorting of cgfia stock. With 35 billion to be served, the insiders can gorge themselves for years.
Almost all known news about sub penny stock companies and their claims of naked short sales has turned out to be the company officers and insiders themselves. Usually, the company officers have been guilty of selling unregistered shares themselves.
cgfia is probably only guilty of dilution and company officers satisfied to make income from share sells and share entitlement deals from the company. That's all cgfia has to show for the last 4 years, which is the company officers paying themselves constantly.
79 form 4's in less than 3 years.
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