Short Sales

An order to sell shares that are not owned. Sales must be made on an up or an even tick. TSX will book market short orders at the best possible execution price at all times until execution or expiry.

Short Exempt

A facility that allows users to bypass the short sale rules under a few specific circumstances: a long position currently exists and you receive an order to sell a larger position, a Market-on-Close (MOC) order, a VWAP order, or a trade on an ETF (Exchange Traded Fund).

I am not sure if a broker would be able to practice the short exempt idea on SLI. The waty I,m reading it, if they could, they would have some control on the stock and hold the sp right where they want it. Add in naked shorting on top, then it doesn,t paint a pretty picture. I beleive the only way to attack this would be to get big buyers coming and nobody letting go of shares at the same time. An incredible feat, but if really good news comes in the future, the shorts could get overwhelmed under this scenario.

IMO.