How can the entire float of a stock change hands within one trading session when all the shares are supposedly owned outright by a single investor? The story of Global Links Corporation is pretty enlightening!
Source: Naked Short Selling, Frank J. Dobrucki, 2010 [B019].
https://www.forbes.com/2006/08/25/naked-shorts-global-links-cx_lm_0825naked.html?sh=38d48dc18400
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=5984037 (see Dow Jones newswire article)
Christian, Shapiro and Whalen (2006) [600]
Stokes (2009) [715]
Angel and McCabe (2009) [1481]
Source: https://sec.report/fails.php?tc=379408305