Yes, the nut nips up a collet which goes over the spindle. I've used a Michell clamp since about 1986 when I bought one to use on my Acoustic Research turntable. A few years later I got a Gyro. I only sold my original clamp a couple of years ago & got three time the price I paid for it - there was a bidding war between three buyers - idiots could've got new ones for less. Still, not to worry eh? - a bit of unexpected lolly always comes in handy!

