via Stockwatch

Today the bid was fully allotted @10¢(500k), while there were only 17k on the ask @11¢. A seller appears out of nowhere and sells hundreds of thousands of shares, who has never actually bought the shares in the first place.

This is why the 'no down-tick' rule was in place, so as to prevent brokers from naked shorting themselves and their brokerages into bankruptcy.

The price should have gone up instead of down. Clearly this is capricious pricing and part of an absolute feeding frenzy of naked shorting in the shares. At the same time, we have bond prices declining, and yields advancing which should have resulted in a strongly bid share price, and an advance in GBN.V share prices, due to its strong inverse correlation with treasury bond prices.

So they ARE defending their naked shorts in the face of changing fundamentals.

-F6