Allowing the shorts to cover...
One thing has always bothered me about these scenarios:
If Urban and Roger have a meeting with the short market makers in a smoke-filled back room somewhere, and cut a deal that allows the market makers to buy back their naked shorts at a designated price, and that price is controlled for an agreed period of time (apparently by JEFF..), then haven't they just committed a blatant price-fixing securities fraud? Even if it is done to correct what we see as a wrong situation, isn't it still price fixing? With Edwards&Angell right up to their eyeballs in the mud?
A lot of these theories, and jon's summary is a particularly clear good one, make sense to me and really seem to fit with what's going on, except for that one element- that somehow Urban has agreed to let them cover at a fixed price. I can't see how he could legally pull that off...