all you need to do is know the issued share total, I believe 9mm, and see the short interest, and ask yourself how it happened. It impossible that that is a legitimate locate, however, it is not your problem.
I spoke with an ex SEC attorney about this. It just must piss the hedgies off royally, because they know they aren't real locates, but they pay the full vig, and they want their share. What is holding up the enforcement is the serious money invollved, billions, and the liabililty to buy back all the fake shares, bordering on a trillion by some estimates. There wouldn't be a SHO list if it didn't happen.
Stock loan is extremely lucrative, and there is a hole in the system. The same shares are lent out over and over. If you saw the guy on StreetSigns from Locatestock.com, you'd have heard him talk about real short interest, and the bad locates. The excess supply that satiates demand overwhelms normal market forces. It's a hell of a gimmick that will crush us all, and soon.
Oh yeah, there's a problem. Like Hurricane Wilma is a problem. After it's over, nothing looks the same again.
