Got it. CMKX was a notorious play that took place some 10 years ago. The company was naked shorted to death but the company had a plan to try to nail the evil market makers. They requested all shareholders to request their physical certs from their brokers then register into a company appointed lawyer to report your ownership. Essentially, physically counting how many shares were out there. By doing so the thought was all naked shorts would eventually have to cover their position and it would reveal hundreds of shareholders who had bought millions of shares but couldn't get physical certs because the market makers had sold them borrowed shares they never intended to clear/settle with real shares. Thus exposing a massive naked short position with longs who held onto shares that weren't Authorized by the company.
There are still CMKX message boards and FB pages out there with people who think we'll get some sort of settlement even though the company doesn't trade anymore. It was truly an unbelievable play and dreams of my 22mm shares going to $1.00+ on the rumored massive short squeeze still haunt me till this day. LOL
I certainly hope the FAA gets off their arse and gives BLTA the pass here soon. The company has endured a lot and fought for this for many years. Every day they don't make a decision we all suffer. Yes we can all buy lower and I have been along the way, but we certainly don't want to get in the cross hairs of those naked shorts! it's horrible what they've done to companies.
There are still CMKX message boards and FB pages out there with people who think we'll get some sort of settlement even though the company doesn't trade anymore. It was truly an unbelievable play and dreams of my 22mm shares going to $1.00+ on the rumored massive short squeeze still haunt me till this day. LOL
I certainly hope the FAA gets off their arse and gives BLTA the pass here soon. The company has endured a lot and fought for this for many years. Every day they don't make a decision we all suffer. Yes we can all buy lower and I have been along the way, but we certainly don't want to get in the cross hairs of those naked shorts! it's horrible what they've done to companies.
