Replies to post #293161 on Sulja Bros. Building Supplies, Ltd (SLJB)

[brute_force]

So you are saying that Patrick Byrne of Overstock.com is completely wrong about the Naked Shorting in his company, but in reality illegally dumped shares to bring down his own share price?

"Overstock.com" is a reporting company. SLJB is not. Pinky insiders can use their unregistered securities as a hedge fund to short SLJB, "securities not readily marketable"(SEC Rule 17ad-10) and blame the dilution they cause on evil naked shorties. Overstock.com's private financiers can hedge any unregistered shares they rec'd in return for their PIPE financing. Totally legal, if reported. SLJB is a non-reporting, non-marginable security. So the hedging of unregistered securities is the only way really this POS can be naked shorted and comply with SEC Rule 17ad-10. The sales, naked or not, all have to be brokered. All sales are documented and reported to the SEC via 17ad-10, "overissuance". You shorty conspiracy posters never address that, or that the overissuance must be bought-in by either the certholder, MM, or TA.