None of the naked shorts covered because there wer

None of the naked shorts covered because there were barely none. All shares have to be accounted for due to the name/CUSIP change.

"Both your transfer agent and IR firm should be able to advise you on the effectiveness of combating naked shorts by changing CUSIP numbers, reverse mergers, and/or reverse splits. Although the long-term effectiveness of these strategies is questionable, it may be useful as part of a larger strategy to deter naked shorting. After changing your company's CUSIP number, for instance, all existing stock certificates must be exchanged for new ones. All issued and outstanding certificates from old shares will no longer represent an interest in the company until exchanged ."

http://www.hawkassociates.com/ir/white/shorts.cfm

"Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market ."

https://groovevc.wordpress.com/2017/04/12/is-...t-squeeze/

Quote:

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I expected none of the naked shorts to cover and none did.

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