Shorting against the BoxCo insiders are prohibited from undertaking "shorting in the box" and buying or selling puts and calls under the Securities Exchange Act Section 16(b). IRS also deems such "box" trades as constructive sell. Reco listed under OTC pink sheets is not a reporting issuer. Btw, that market is worse than Howe Street, the Scam Capital of the World.
However, in Canada, anything goes. Under the IIROC regime, even naked shorting without pre-borrowing is allowed or with eyes shut.
The former Chairman and world-famous geologist - defendants in the Class Action - had quit and no longer insiders. LOL