Sulja Bros. Building Supplies, Ltd (SLJB)

[allmanchase]

I had a conversation with a broker friend a week or so ago. I asked him if a huge naked short could really exist on this company and what, exactly are the "mechanics" for MM's getting out of this jam, if they are indeed in one.

He gave me what sounded like a pretty pat answer from Wall Street types that a huge naked short really doesn't exist in these circumstances and the MM's just try to make a market. Although I'm going to be rich soon with this crazy company, I'm still enough of a novice investor to remain puzzled. Where are these volumes of shares coming from day after day. Traders? Insiders? Why? What will Wassal be buying today and tomorrow, real shares or more of the phantom shares?

Any help appreciated.