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What could be those reasons? I just don't get the logic that they want it down here unless to buy cheap and accumulate or short and cover.

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The true naked shorts (ftd's) fully expect the sp to never recover so they never need to buy in. They kill pink sheet companies with the SEC's blessing to get rid of scams. Unfortunately they went overboard on selling NTEK air-shares and it'll bite them sooner than later. Will they sustain the losses? Yes of course. MM's ALWAYS make money. On the pink sheets, MM's rule the roost!