Watch out BEDA~Over 2 Billion Naked Short Shares Officially Confirmed…
With what you are about to read about BEDA, it is fact not fiction. If anyone has an issue with what I am about to post, please consider taking the issue up with two of the market’s primary regulatory authorities… FINRA and the SEC… since they are the governing authorities for the ”official” data provided.
The next thing to consider is that BEDA has some business objectives they are trying to achieve for growth, but let’s come back to talk about them a little later within this post after you review the below spreadsheets of the data compiled that confirms that BEDA has been naked shorted by over 2 billion shares. This issue I’m about to explain has now moved to the forefront as it was not my original reason for buying BEDA. So, let’s discuss as this is very very huge.
BEDA ”officially” has been ”naked shorted” a total of 2,022,711,713 shares. The links below to confirm this are ”official” links of data that are provided by FINRA. Under the section towards the end of the links below from FINRA is a section titled ORF. It reflects the by month listings with the amount of BEDA shares shorted (naked shorted) out of the total volume for that day which can be accessed from the top of each page. The daily data has to be totaled manually as the data is not cumulative to derive a total amount of shares shorted (naked shorted).
Below are the spreadsheets with each applicable link corresponding to each month for the applicable 4 months of naked shorting involved for your review; Dec 2009 to Mar 2010 reflecting the 52 consecutive trading days that BEDA has been on the Reg SHO List:
BEDA Naked Short Shares for Mar 2010
http://regsho.finra.org/regsho-March.html
BEDA Naked Short Shares for Feb 2010
http://regsho.finra.org/regsho-February.html
BEDA Naked Short Shares for Jan 2010
http://regsho.finra.org/regsho-January.html
BEDA Naked Short Shares for Dec 2009
http://regsho.finra.org/regsho-December.html
If one were to total the column titled ”Short Volume” from the spreadsheet data above, it will give you a total amount of 2,022,711,713 shares shorted. The thing to keep in mind is that the term ”short” is used synonymously to mean ”naked short” when dealing with the data provided which could be further verified from the Reg SHO info below which is also something else very important to note.
BEDA has been on the Reg SHO List for 52 consecutive trading days. There is a total of 2,022,711,713 shares that have been naked shorted out of the total volume of 4,180,937,492 shares as of close of business/market Monday, 1 Mar 2010. Again, this is fact and not fiction as compiled from the official data above provided by FINRA and indicated below:
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
According to the SEC, the Market Makers (MMs) have 35 days to cover as indicated below:
http://www.nasdaqtrader.com/TraderNews.aspx?id=ra2007-086
According to the Reg SHO and Buyins.net report, so far, BEDA has been listed on the Reg SHO list for 52 consecutive trading days and is listed on the “Imminent Buyin” list:
http://www.regsho.com/tools/short_list.php?dys=>12
http://www.buyins.net/tools/short_list.php?dys=%3E12
The SEC has also approved and is implementing ”Short Selling Restrictions” as indicated below to help combat this issue:
http://www.sec.gov/news/press/2010/2010-26.htm
Something the company is doing to help combat and force a positive remedy for this situation for BEDA shareholders can be read in the PR below which states that they are in the process of confirming funding from a Private Investor to contribute towards the company buying back 50% of their Float as indicated below:
http://finance.yahoo.com/news/Bederra-Corporation-Announces-iw-2040155452.html?x=0&.v=1
The company has not had a share structure change in well over a month. The Transfer Agent (TA) for BEDA is ungagged. Their TA is Transfer Agent First National Trust Company and can be reached at 713 985-9624 or 713 579-0661 to verify the official share structure below of which has remained unchanged:
http://finance.yahoo.com/news/Bederra-Corporation-Reports-iw-2615327063.html?x=0&.v=1
The company PR-ed above to confirm that the share structure is as indicated below:
Authorized Shares: 5,000,000,000
Issued Shares: 1,358,759,973
Float: 404,827,453
Restricted: 954,932,520
The Float is 404,827,453 shares. After the company buys back 50% of the Float, the Float will be 202,413,727 shares. Here’s where some issues exist.
Issue #1
Since BEDA has been naked shorted a total of 2,022,711,713 shares and is still on the Reg SHO List, this means that not only have the already 404,827,453 shares in the Float have been sold to retail investors of which are still holding, but 2,022,711,713 shares have been naked shorted in being sold to retail investors and purchased above the already 404,827,453 shares that have been exhausted. The Float is beyond gone and has been for 52 consecutive trading days. Since BEDA has been on the Reg SHO List for 52 consecutive trading days, that means that a covering has never taken place which means that the naked short has been cumulative and will be cumulative until a covering transpires taking the deficit back to ground zero or close enough to start the count over. This is the day that we would not see BEDA on the Reg SHO List, but as of today it still remains on the list. A mandatory covering has to take place.
Issue #2
BEDA has been on the Reg SHO List for 52 consecutive trading days. According to the SEC, the MMs have 35 days before a forced buy-in has to happen to cover the naked shorted position. We are 17 days here in BEDA overdue. A mandatory covering has to take place.
Issue #3
From the PR below, one of their acquisitions will bring in $3 to $4 million in Revenues:
http://finance.yahoo.com/news/Bederra-Corporation-Announces-iw-1606131492.html?x=0&.v=1
As for another acquisition under consideration that generates over $10 million in Revenues, read below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46639701
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46642624
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46727721
The company apparently is planning on buying back shares at much higher prices as they have mentioned that they will be using some of the Revenues generated from their acquisitions to buy back shares. I am confident that the company has no problem in buying back shares at much higher prices because they know that further acquisitions to add significant value will be added after the shares they buy back. The shares they buyback will look like shares bought at a premium to some investors while they will always be considered shares bought at a discount to the company. Either way, they are buying back shares for a specific purpose of growth to support the future of the company to confirm that they believe in the future continued growth of their company. This means that the price of the stock at the time of the buyback does and will not ever matter.
The issue here is… Where is the company going to get 202,413,727 shares from the market to purchase if the Float of 404,827,453 shares has already been bought by retail investors along with 2,022,711,713 shares sold above the already existing Float existing as a deficit waiting to be covered? A mandatory covering has to take place.
As mentioned in the PR below and in a few of their previous PRs… ”the company has a large appetite for acquisitions due to its strong belief that it can leverage its valuable insurance contracts to acquire several companies that do not currently have, or cannot obtain, these contracts in order to survive in the existing economy and health care environment. …”
http://finance.yahoo.com/news/Bederra-Corporation-Announces-iw-2905191336.html?x=0&.v=1
For those who are new to BEDA and is not aware of these “valuable insurance contracts” that the company was referring to, BEDA has in place all the necessary insurance plans such as Medicare, Medicaid and Commercial Insurance contracts. Here’s a little proof of their experience from a completed major deal with the AMERIGROUP Corporation:
http://www.bederra.com/documents/news/2008/4.15.2008.pdf
The AMERIGROUP Corporation trades on the NYSE under the ticker of AGP: NYSE at $27.00+ per share:
http://phx.corporate-ir.net/phoenix.zhtml?c=122199&p=irol-stockQuote
http://www.realsolutions.com/
http://www.realsolutions.com/company/pages/home.aspx
Something else to note, a little while back, BEDA received approval from the State of Texas to provide Nuclear Medicine services. When I spoke to the CEO a little while back, they still have plans for utilizing this approval to their advantages to practice nuclear medicine, but I was not able to get any details of the company’s plans of utilization:
http://www.marketwire.com/press-release/Bederra-Corporation-Receives-Regulatory-Approval-Practice-Nuclear-Medicine-Texas-986055.htm
In closure, for those not understanding what it means for BEDA to be naked shorted and on the Reg SHO List, here’s what it means (a must listen):
http://www.businessjive.com/
Then listen to this below by Senator Robert F. Bennett:
http://www.cnbc.com/id/15840232?video=652216599&play=1
With not even taking the acquisitions of the medical/healthcare companies under consideration, the price should significantly increase just by the fact that a mandatory buy-in of shares has to take place to cover the naked short shares. At some point in time, a covering has to take place. As from the data above, I think it’s fair to expect a ”massive” covering at some point in time in the near future.
BEDA is not on the radars of many investors, but after further researching all that “is happening,” “could happen,” and “suppose to happen,” I think BEDA is one of the most undervalued stocks within the market today given its full potential. I think it’s fair to expect to see some major things transpire with BEDA in the near future to greatly benefit BEDA shareholders.
v/r
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