By looking at the Failures to Deliver (FTD,s) on our SELSF trading symbol in the U.S., it may appear that the naked shorts were cleaned up around June this year. I call them naked shorts other than actual FTD,s because it is so blatant that the consistency clearly suggests they are intentional with no worries of reprimand, IMO. Perhaps there was/is reprimand, hence why they have seemed to disappear from the stock in June?
Anyhow, you can clearly see from the graphs/charts in this link, how the massive naked short was taken up on the stock when we were first hit hard in Jan 2012. Thereafter, you can clearly see this habit helped to consistently pressure the stock, to drop it to its knees, where it is at presently. I should remind the public of how this stock was/is tightly held, and perhaps made it difficult for FTD,s to get covered. You can also view the "dump fails raw data " tab to get the numbers in the table format for easier viewing of dates and amounts that the FTD,S occured.
http://failstodeliver.com/default2.aspx
IMO