Replies to post #179475 on Sulja Bros. Building Supplies, Ltd (SLJB)

[arconway]

OMG! A stock broker thinks naked shorts have to cover? They make them up out of thin air. What is to cover? I do agree they got to PV. And there will be no AF's.

[toddeholden]

let me guess...you are from roswell

[Tuslog28]

luvtradin1: It appears that PV had an association with a hedge fund manager and may still have according to IR's that came up via Google. That should catch someone's attention along the lines of what you speculate in your post.

IR's say that Adam S. Gottbetter is the attorney who assisted with the reverse merger of Sulja into the Loft public vehicle. In 2006, Mr. Gottbetter established Adam S. Gottbetter Capital, a hedge fund.

We can all speculate from there.

[jerseyboy]

This makes as much sense as any rationale I have heard. As they say, "Follow the money".

[DMOST]

For sure your right man, for sure you are correct, but lets take it a little further and say that this was initiated by the SEC itself as a means of allow the huge short position to be covered. Not doing so could have meant the end of some very respectable companies.

This seems to be the growing pattern for the SEC to handle the short/naked short position in many companies which have significant jumps in PPS and never quit fall back for shorts to cover.

Is it fair? of course not
Do they beleive the sacrafice of a few is a good thing if it helps the overall situation of many? absolutely Yes.

[jbgoodtrader]

Nice to hear from some EXPERIENCED people here! LOL!

Thanks luvtradin1!

John Good

[jranalyst]

luvtradin1, If the shorts covered on this price drop, but all but about 18MM-38MM shares (per different prior posts) are owned by insiders with certs in hand (making the free trading float less than 38MM), that means a lot of NSS are out there.
If a naked short is covered by buying another naked short at a lower price, does that reduce the number of naked shorts?

Another poster said we have traded 799MM shares this year, and over 200MM in the last two days. If almost all the real shares are not in the market, then we have one big problem here. or is it the shorts who have the problem?

I could see how this stock could get to $4 just on the short squeeze. It seems to have at least as much going for it as cshd or awyb, and we know how they ran up. imo. jr