Really? After studying many similar cases, where insiders were committing fraud, there have almost always been NSS. Too easy to blow whistle after shorting and have SEC ultimately revoke.
Not sure in this case, but boring you again with simple math: if OBO + NOBO > A/S, then definite uncovered short sells.
If not, then fraud was all SPNG mgmt and friends.
Apologize for insinuating absolute NSS, but would be interesting to see both sides feel the wrath of a federal judge not able to be persuaded either way.
Again, fun to watch unfold. Take care.
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