CDEL has sold over 16 million shares since August 3rd. During this period CardioGenics issued 2.3 million shares to a convertible note holder. If CDEL did not sell approximately 14 million short, naked or otherwise, where did they get the shares to sell. CDEL sold about 30 million shares from convertible note holders during the past year. They are aware that, at current price levels, they might receive additional orders by the end of the year of another 20-25 million shares. Why wouldn't they sell it short at 3 cents with the hope of buying the shares back at a penny. Of course they are counting on CardioGenics not being able to pay back the funds. You might feel that they are selling long shares. IMO, that is impossible. There are very few if any large shareholders of CGNH that have accounts at CDEL. CardioGenics can verrify that fact by checking the NOBO list. If you have another alternative please post it.