IMO Louvem has too much intrinsic value to be manipulated by naked short sellers. With nearly $8M in cash, which equates to 30 cents per share, and with 375K ounces (included inferred, and hopefully easily accessible from the main shaft) of gold, valued at $80 per ounce in the ground, that is if the stock trades at $1.50, the company has real value. Furthermore, with Louvem excellent financial situation, there is no pressing need to issue shares for cash.

BTW, I think that naked short selling is not only against the spirit of capital markets, but that it is also unethical and hopefully criminal.

Regular short selling is good enough to keep the market liquid.

Soon a new CEO will be announced.