I was of the belief that after all is said and done that the MMs issuing the naked shorts were the only ones legally responsible for making the "bogus" shares sold able to be traded by whoever received the bogus shares. They the short issuing MMs would have to get the funds owed them from the cabal or groups with which they were working as to the naked shorts.

Let's say there was a massive short play where the dollars were in the Billions of naked short losses. If the naked short issuing MMs declare bankruptcy, who takes the responsibility for the resulting very large number of bogus shares being made good?

Shouldn't be the legal buyers or legal MMs making the trades IMO, but if the cabal that is in cahoots disappears and naked issuing MMs can't cover the costs, is there some govt agency that takes responsibility since the SEC/FINRA obviously didn't do their job of protecting the public?

As to IPIX, since we believe there is a major short play, would it be best for an investor to request his stock certificates now to make sure he had certified shares when the %%%% might hit the fan should there be a very major short implosion?

Easy to see I know next to nothing about this subject.