I read a lot over the years, but this one was the best. Covers all the scenarios in a way that is easy to understand. Interesting how a number of us might actually own fake shares.

I got a laugh when I read who the credit goes to for the article.

Wait for it...

Wait for it...

Full credit for the contents of this post goes to Hedge-My-Balls



The mechanics of exposing naked short selling using cashless (NFT?!) dividends - How/why hedgies r fuk'd and we're going to Pluto if/when RC and GME take the NFT/crypt0 dividend route

Quote:

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Note that short selling in general causes an immediate dilution of the total shares in circulation and this is why it is perceived as inherently evil. Both types are bad for the company being sold short, but illegal naked short selling in particular is more like economic terrorism because there is no limit to how many shares you can create out of thin air. I n other words, there's no cap on the dilution of the total shares in circulation.

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https://www.reddit.com/r/Superstonk/comments/...t_selling/