In a way TenKay is right that a NOBO/OBO list doesn't in itself cause a short squeeze. The NOBO/OBO may show 100 to 200 million uncovered naked short positions left over from before the suspension as shorters never covered their positions betting that KMAG would go out of business. The NOBO/OBO list will also suggest that KMAG is about to do something requiring a list of shareholders. These consequences of a NOBO/OBO are what could cause a short squeeze. As lowman pointed out, depending on the amount of open naked shorts outstanding, the price could immediately jump to .05 not because of the NOBO/OBO itself but because of it's ramifications.