Why was there a need for market makers to borrow shares??
i don't think many investors realize that the vast majority of trades are electronic and don't involve any human beings. when high volume trading occurs on a penny stock like FFGO, MMs legally short, typically on an intraday basis in order to keep a fluid market. the same shares often trade hands dozens of times per day and those trades are among those reflected on the FINRA daily list.
If the price is getting pummelled from $4 to "nothing" there theoritically should be oodles and oodles of sellers knocking the price down.
that would be the insiders diluting/dumping shares, that's the foundation of pump and dumps.
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