I believe you are wrong Jackie. Naked short selling had the same or similiar rules against short selling as in the U.S. It always was illegal to naked short sell in the U.S. The regulators simply did not enforce the laws and turned a blind eye to the practice. Naked short selling does happen during the 3 days before a sale is consumated, but is a paper entry. I have a margin account and that makes my shares available for the banks use to short. If short selling is done according the the law, I have no worry. If I choose to sell I can at any time. Now my shares must be replaced by another account holder with those shares, or the short seller has to buy and cover. It's the short sellers problem with similiar conditions to margin covering. The bank can do it on their own and they are not required to tell you. As for the 300,000 shares now reported as shorted while the share price is under $3, some places allow a short sale with the cut off at $1. So I assume that is where the shorts are from. $3 is fairly common but some have a $5 limit. When the share price goes below these thresh holds, you can be covered without notice too. It is not a risk free practice if the rules are enforced. Under these conditions, I have no fear of short sellers with Noront. In fact, I'd love to see a million shorts in Noront the day some great news comes out and these birds are under pressure to cover. The simple reason is that Noront is a sound stock. Shorters are like buzzards, they like to hit the dying or dead victim. I am very strong in my belief that the uptick rule is the strongest piece of law that the regulators have omitted and it should be restored.