Sulja Bros. Building Supplies, Ltd (SLJB)

[Ripnrob]

For years and years on this board and others, it has been stated "as fact" that there can be no naked shorts as there are too many safeguards in place and that it would be too cost effective to do so.


That's because it is fact you just choose to ignore the facts! Only people who have lost money on penny scams believe in a Invisible naked short theory and it has been proven over and over again that Naked shorts show up as short Interest Fact!

Brokers looking to profit from ill gotten gains can short the bejeses out of a stock into oblivion and never report the position

As I stated in my last post all brokers have to report all trades to finra once a year so they would have less than a year before there caught just like your link proved because they got caught...Not to mention the rule change on January 30, 2012 that would reject any trade that was not clearly Identified as a long or short position.


I don't think a crooked broker is going to impose that cost on themselves now would they?

I find it hilarious how many inexperienced Investors believe that brokers and market makers can do what ever they want and its all hidden and they will never get caught but here is how it really works.

They don't have a choice they must have $2.50 per share in Maintenance Margin as required by FINRA for the position. The Broker Dealer isnt the final say in the matter as their Clearing house must approve such a position. Taking such a position is also doing so under their own principal and that isnt going to happen on the OTC either. So no Broker Dealers are not taking a short position either and if they were then one should be able to provide such supporting documentation that they are doing so. Which is quite easy as there are monthly reports that are filed in EDGAR for such Broker Dealers and their current positions held that month.

The jury is still out but I can tell you this, there is a paper trail.

Exactly why the brokers in your article were caught!
Is there fraud in the Market of course but there all on borrowed time. In the case of SLJB its plain to see the run down lumberyard and phony deals were just a ruse to sell shares.
In fact not one poster who ever believed in the Naked short theory has ever proved how Naked shorting was responsible for the demise of SLJB.

634 followers of this board won't be satisfied until the whole story is told. We've heard part of it.

The whole story was told when peetard pled guilty to the SLJB scam...And in eight years not one single broker fined for having a hidden SLJB short position you know why because there is none your just chasing ghosts.

There is no SLJB short Interest and SLJB was a scam not because I say so but because the Facts do!