Good points re NSS, Opp. This theory that company insiders are selling shares to let the MM's off the naked short hook in a win-win scenario seems to me to be the best fit with what's been happening to SLJB over the past couple of weeks.
The insiders still make big profits on the sales as they bought these shares sub-penny. The MM's/hedge funds take a hit but much less than they would when the PPS really takes off.
Presumably part of this possible deal is that the MM's/hedge funds agree not to target SLJB in their nasty little scams going forward. The PPS is allowed to rise to its proper level based on earnings, assets etc.
Much as I'd like to see the NSS scammers hoisted by their own petards this sounds like a good deal to me.