There were some compounding factors for this situation, in particular a reverse split. "Global Links was caught off guard by the events that transpired in Febr

There were some compounding factors for this situation, in particular a reverse split. "Global Links was caught off guard by the events that transpired in February 2005 when it implemented a one-for-350 reverse split of its stock, the result of which would reduce its float from 350 million shares to 1.1 million. ... Some have said it is all a simple matter of broker error. Accounts showing 350,000 old shares of Global Links should have been adjusted by the broker to show 350 [sic, should be 1000?] of the new shares, but some have said that didn't happen" https://www.forbes.com/2006/08/25/naked-shorts-global-links-cx_lm_0825naked.html?sh=2b7a83c28400 https://www.forbes.com/2006/08/25/naked-shorts-global-links-...