My answer is simple. They don't have to go to the extreme situation of having naked shares exist forever.
Why? because naked shares are a means to transfer the shares from the weak to the "strong/crooked" hands.
Can you imagine that they won't be able to buy back all the naked shares if they let the SP run back to $10? By then, they will have everything covered and in combination with a much higher price of gold and silver they will go long at $10, which is as cheap as it can get looking from a historical perpective.
I do not buy FOFOA's concept of the paper price running down to next to nothing. I think JS is much closer to the way it will go. A lot of shaking and a final reset. Much easier to sell to the public.