Aug 17, 2010 (M2 PRESSWIRE via COMTEX) —
BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. Bay National Corp (OTC: BAYN), Extorre Gold Mines (OTC: EXGMF) and DJSP Enterprises (NASDAQ: DJSP). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale.
According to the SEC site…
In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due; this is known as a “failure to deliver” or “fail.”
For further information on short selling, naked short selling, and threshold securities, please see the Division of Trading and Markets’ Key Points About Regulation SHO. Additional information relating to the SEC’s activities relating to short selling can be found in the SEC Spotlight on Short Sales.
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