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Management is working on it,shouldn't be much longer.
Here is a list of operators who have signed up so far with NYTEX so the trading is beeing done by them.NYTEX is ruled by supply and demand like any other exchange so thats why we see a lot of Africa,small islands and middle east traded every day.As far as the US or Europe we dont trade minutes under 1c and i think these regions are ruled by the big dogs anyway.You can call the CEO Lawry Trevor-Deutsch at 514-313-3424 to get answers for all your questions.
• América Móvil
• Asia Cell, Ltd.
• Atlantique Telecom
• Bahamas Telecommunications Corporation (BTC)
• Batelco
• Batelco Jordan
• Benin Telecom
• Comium
• Cote d'Ivoire Telecom
• Digicel Group
• Etisalat
• France Telecom
• Gamtel
• Globacom Ltd.
• Groupe Algérie Télécom
• Guyana Telephone & Telegraph Co. (GT&T)
• Home of Integrated Technology and Systems (HITS)
• Maroc Telecom
• Millicom International Cellular/TIGO
• MOOV
• MTN Group
• Onatel
• Orange
• Orascom Telecom
• Other
• Qatar Telecom (Qtel)
• Rep. of Lebanon (gov)
• Société des Télécommunications de Guinée
• Sotelma
• Tecom
• Telecom Egypt
• Telefonica
• Telgua
• TOGO Cellulaire
• Tunisie Telecom
• Vodafone
• Wana
• Wataniya Telecom
• Yemen?s Public Telecommunication Corporation (PTC)
• Zain Group (MTC)
Not in dollar volume.Yesterday were 43k $ traded on NYTEX.Multilpy each symbols total minutes by avarage price and then add all the symbols together.
Impressive numbers for a 1.5 million market cap company.Now we need to show consistency and growth over a few quaterly reports.We should be not trading at anywhere near the pps right now.
I did call the CEO Tuesday for update.You are right about the profit margin .NYTEX daily dollar volume ranges somewhere between 40k -60k right now,so do the math 365 days a year. Management is totally focused building and growing the business right now.Keep in mind that the current market cap is 1.5 million dollars. LOL
We should see increase in trading volume at NYTEX shortly . They signed up more companies at ITW, more accounts = revenue. The ITW was very successful. Symbol change and the next 60 days or so we'll see the filings come out for NYTEX.Will be exciting times ahead !
International Telecom Week 22 - 25 May 2011, Washington DC .
http://www.internationaltelecomsweek.com/WhatsOnAtITW.html
Interested attending? Meet us at our mini pavilion (stand 500) @ ITW in Washington, DC, May 22nd-25th
http://www.facebook.com/pages/New-York-Telecom-Exchange-Inc/132491626820350
Not much ,about 300k shares on the ask before .02
Wake up! LOL
Added some here.
Hope so. EOM
We are still CE on pink sheets. Looks like TDAmeritrade just updated the name ,Etrade still shows United Amirican Corp.Scanning for a ticker change and removal of CE as all the paperwork has been submitted to FINRA.
UAMA news.
New York Telecom Exchange, Inc. (NYTEX) Announces Deployment of Its Proprietary
Real-Time False Answer Supervision (FAS) Prevention System
tFraud(TM) is a Breakthrough Technology and is Available Immediately to All NYTEX
Trading Participants, Who Can Now Virtually Eliminate Fraudulent Calls From Their
networks
MONTREAL, May 4, 2011 (GlobeNewswire via COMTEX) -- New York Telecom Exchange,
Inc. (NYTEX), the world's first neutral international telecommunications
commodity exchange, today launched its proprietary real-time False Answer
Supervision (FAS) Prevention System: called tFraud(TM). This fully automated FAS
recognition system virtually eliminates the possibility of fraudulent calls for
companies trading on the NYTEX platform.
The real innovation with tFraud(TM) is that it identifies and eliminates FAS
before the fraud occurs rather than simply reporting FAS after it happens. This
means that there is no need to dispute, correct and adjust for FAS after the fact
since the FAS will never occur in the first place.
FAS occurs when the calling party:
--is charged for a completed call, even though the call did not actually
connect.
--is charged for a completed call with no or partial audio.
--is charged for a call set-up time rather than actual conversation time.
--is charged for a fraudulent attempt to route traffic to an automated
messaging platform.
Incidents involving FAS is increasing rapidly and is now a leading global
industry problem costing millions of dollars in lost revenue. The main markets
affected are those with high termination rates and heavy competition. Finding the
source of the fraudulent behavior is time consuming and near impossible, as
carriers resell routes from other suppliers, often in long chains. These
fraudulent calls are normally blended with real traffic making detection more
difficult using statistical methods. Sometimes, FAS is not due to malicious
behavior, but poorly configured equipment, often used in international bypass
gray market.
Responding to the well publicized concerns of the Global FAS Forum, whose
membership includes the world's leading international carriers, NYTEX developed
the FAS prevention system to identify and eliminate up to 85% of fraudulent
calls. NYTEX's unique position as a neutral exchange between carriers, guarantees
an impartial determination. NYTEX's real-time billing and clearing system
automatically updates the billable calls with this information and guarantees
that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at
the forefront in the battle against fraudulent and costly call behavior in the
international voice market. We have listened to the industry and responded with a
state-of-the-art solution. NYTEX believes that it is important to ensure that
market participants have confidence in the traffic they trade. This new system
ensures the integrity of our trading platform and shows our commitment to wipe
out FAS from the industry."
About New York Telecom Exchange
New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international
telecommunications commodity exchange, provides a trading platform for wholesale
carriers, mobile and fixed network operators and retail operators. NYTEX acts as
the central clearing house to all exchange-traded transactions and therefore
guarantees the delivery and fulfillment of these transactions. NYTEX has fully
integrated US Dollar and Euro trading floors, where transactions can be completed
without incurring any currency risk.
NYTEX's mission is to organize the world's 400 billion minutes and $20 billion of
international telecommunications traffic and to become the banking system to the
telecommunications industry and Telecom investors - providing everything from
financial institution clearing to financing to underwriting blocks of minutes.
NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage
houses, investment bankers and Telecom investors intends to create a new economy
based on telecommunications. Since its creation in 2008, NYTEX has grown to over
300 market participants who trade over 275 markets, covering the world's major
termination markets. With the creation of NYTEX, developing countries can now use
their international inbound traffic and trade it just like any other natural
resource.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC.
All statements, other than statements of historical fact, included herein that
address activities, events or developments that United American Corporation or
New York Telecom Exchange, Inc expects, believes or anticipates will or may occur
in the future, including anticipated benefits and other aspects of the proposed
acquisition, are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially. Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of their dates. Except as required by law,
neither United American Corporation nor New York Telecom Exchange, Inc intends to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: New York Telecom Exchange, Inc.
CONTACT: New York Telecom Exchange, Inc
info@nytex.net
Tel: +1 (212) 738 0759 ext 3746
UAMA news.
New York Telecom Exchange, Inc. (NYTEX) Announces Deployment of Its Proprietary
Real-Time False Answer Supervision (FAS) Prevention System
tFraud(TM) is a Breakthrough Technology and is Available Immediately to All NYTEX
Trading Participants, Who Can Now Virtually Eliminate Fraudulent Calls From Their
networks
MONTREAL, May 4, 2011 (GlobeNewswire via COMTEX) -- New York Telecom Exchange,
Inc. (NYTEX), the world's first neutral international telecommunications
commodity exchange, today launched its proprietary real-time False Answer
Supervision (FAS) Prevention System: called tFraud(TM). This fully automated FAS
recognition system virtually eliminates the possibility of fraudulent calls for
companies trading on the NYTEX platform.
The real innovation with tFraud(TM) is that it identifies and eliminates FAS
before the fraud occurs rather than simply reporting FAS after it happens. This
means that there is no need to dispute, correct and adjust for FAS after the fact
since the FAS will never occur in the first place.
FAS occurs when the calling party:
--is charged for a completed call, even though the call did not actually
connect.
--is charged for a completed call with no or partial audio.
--is charged for a call set-up time rather than actual conversation time.
--is charged for a fraudulent attempt to route traffic to an automated
messaging platform.
Incidents involving FAS is increasing rapidly and is now a leading global
industry problem costing millions of dollars in lost revenue. The main markets
affected are those with high termination rates and heavy competition. Finding the
source of the fraudulent behavior is time consuming and near impossible, as
carriers resell routes from other suppliers, often in long chains. These
fraudulent calls are normally blended with real traffic making detection more
difficult using statistical methods. Sometimes, FAS is not due to malicious
behavior, but poorly configured equipment, often used in international bypass
gray market.
Responding to the well publicized concerns of the Global FAS Forum, whose
membership includes the world's leading international carriers, NYTEX developed
the FAS prevention system to identify and eliminate up to 85% of fraudulent
calls. NYTEX's unique position as a neutral exchange between carriers, guarantees
an impartial determination. NYTEX's real-time billing and clearing system
automatically updates the billable calls with this information and guarantees
that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at
the forefront in the battle against fraudulent and costly call behavior in the
international voice market. We have listened to the industry and responded with a
state-of-the-art solution. NYTEX believes that it is important to ensure that
market participants have confidence in the traffic they trade. This new system
ensures the integrity of our trading platform and shows our commitment to wipe
out FAS from the industry."
About New York Telecom Exchange
New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international
telecommunications commodity exchange, provides a trading platform for wholesale
carriers, mobile and fixed network operators and retail operators. NYTEX acts as
the central clearing house to all exchange-traded transactions and therefore
guarantees the delivery and fulfillment of these transactions. NYTEX has fully
integrated US Dollar and Euro trading floors, where transactions can be completed
without incurring any currency risk.
NYTEX's mission is to organize the world's 400 billion minutes and $20 billion of
international telecommunications traffic and to become the banking system to the
telecommunications industry and Telecom investors - providing everything from
financial institution clearing to financing to underwriting blocks of minutes.
NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage
houses, investment bankers and Telecom investors intends to create a new economy
based on telecommunications. Since its creation in 2008, NYTEX has grown to over
300 market participants who trade over 275 markets, covering the world's major
termination markets. With the creation of NYTEX, developing countries can now use
their international inbound traffic and trade it just like any other natural
resource.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC.
All statements, other than statements of historical fact, included herein that
address activities, events or developments that United American Corporation or
New York Telecom Exchange, Inc expects, believes or anticipates will or may occur
in the future, including anticipated benefits and other aspects of the proposed
acquisition, are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially. Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of their dates. Except as required by law,
neither United American Corporation nor New York Telecom Exchange, Inc intends to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: New York Telecom Exchange, Inc.
CONTACT: New York Telecom Exchange, Inc
info@nytex.net
Tel: +1 (212) 738 0759 ext 3746
UAMA news.
New York Telecom Exchange, Inc. (NYTEX) Announces Deployment of Its Proprietary
Real-Time False Answer Supervision (FAS) Prevention System
tFraud(TM) is a Breakthrough Technology and is Available Immediately to All NYTEX
Trading Participants, Who Can Now Virtually Eliminate Fraudulent Calls From Their
networks
MONTREAL, May 4, 2011 (GlobeNewswire via COMTEX) -- New York Telecom Exchange,
Inc. (NYTEX), the world's first neutral international telecommunications
commodity exchange, today launched its proprietary real-time False Answer
Supervision (FAS) Prevention System: called tFraud(TM). This fully automated FAS
recognition system virtually eliminates the possibility of fraudulent calls for
companies trading on the NYTEX platform.
The real innovation with tFraud(TM) is that it identifies and eliminates FAS
before the fraud occurs rather than simply reporting FAS after it happens. This
means that there is no need to dispute, correct and adjust for FAS after the fact
since the FAS will never occur in the first place.
FAS occurs when the calling party:
--is charged for a completed call, even though the call did not actually
connect.
--is charged for a completed call with no or partial audio.
--is charged for a call set-up time rather than actual conversation time.
--is charged for a fraudulent attempt to route traffic to an automated
messaging platform.
Incidents involving FAS is increasing rapidly and is now a leading global
industry problem costing millions of dollars in lost revenue. The main markets
affected are those with high termination rates and heavy competition. Finding the
source of the fraudulent behavior is time consuming and near impossible, as
carriers resell routes from other suppliers, often in long chains. These
fraudulent calls are normally blended with real traffic making detection more
difficult using statistical methods. Sometimes, FAS is not due to malicious
behavior, but poorly configured equipment, often used in international bypass
gray market.
Responding to the well publicized concerns of the Global FAS Forum, whose
membership includes the world's leading international carriers, NYTEX developed
the FAS prevention system to identify and eliminate up to 85% of fraudulent
calls. NYTEX's unique position as a neutral exchange between carriers, guarantees
an impartial determination. NYTEX's real-time billing and clearing system
automatically updates the billable calls with this information and guarantees
that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at
the forefront in the battle against fraudulent and costly call behavior in the
international voice market. We have listened to the industry and responded with a
state-of-the-art solution. NYTEX believes that it is important to ensure that
market participants have confidence in the traffic they trade. This new system
ensures the integrity of our trading platform and shows our commitment to wipe
out FAS from the industry."
About New York Telecom Exchange
New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international
telecommunications commodity exchange, provides a trading platform for wholesale
carriers, mobile and fixed network operators and retail operators. NYTEX acts as
the central clearing house to all exchange-traded transactions and therefore
guarantees the delivery and fulfillment of these transactions. NYTEX has fully
integrated US Dollar and Euro trading floors, where transactions can be completed
without incurring any currency risk.
NYTEX's mission is to organize the world's 400 billion minutes and $20 billion of
international telecommunications traffic and to become the banking system to the
telecommunications industry and Telecom investors - providing everything from
financial institution clearing to financing to underwriting blocks of minutes.
NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage
houses, investment bankers and Telecom investors intends to create a new economy
based on telecommunications. Since its creation in 2008, NYTEX has grown to over
300 market participants who trade over 275 markets, covering the world's major
termination markets. With the creation of NYTEX, developing countries can now use
their international inbound traffic and trade it just like any other natural
resource.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC.
All statements, other than statements of historical fact, included herein that
address activities, events or developments that United American Corporation or
New York Telecom Exchange, Inc expects, believes or anticipates will or may occur
in the future, including anticipated benefits and other aspects of the proposed
acquisition, are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially. Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of their dates. Except as required by law,
neither United American Corporation nor New York Telecom Exchange, Inc intends to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: New York Telecom Exchange, Inc.
CONTACT: New York Telecom Exchange, Inc
info@nytex.net
Tel: +1 (212) 738 0759 ext 3746
UAMA news.
New York Telecom Exchange, Inc. (NYTEX) Announces Deployment of Its Proprietary
Real-Time False Answer Supervision (FAS) Prevention System
tFraud(TM) is a Breakthrough Technology and is Available Immediately to All NYTEX
Trading Participants, Who Can Now Virtually Eliminate Fraudulent Calls From Their
networks
MONTREAL, May 4, 2011 (GlobeNewswire via COMTEX) -- New York Telecom Exchange,
Inc. (NYTEX), the world's first neutral international telecommunications
commodity exchange, today launched its proprietary real-time False Answer
Supervision (FAS) Prevention System: called tFraud(TM). This fully automated FAS
recognition system virtually eliminates the possibility of fraudulent calls for
companies trading on the NYTEX platform.
The real innovation with tFraud(TM) is that it identifies and eliminates FAS
before the fraud occurs rather than simply reporting FAS after it happens. This
means that there is no need to dispute, correct and adjust for FAS after the fact
since the FAS will never occur in the first place.
FAS occurs when the calling party:
--is charged for a completed call, even though the call did not actually
connect.
--is charged for a completed call with no or partial audio.
--is charged for a call set-up time rather than actual conversation time.
--is charged for a fraudulent attempt to route traffic to an automated
messaging platform.
Incidents involving FAS is increasing rapidly and is now a leading global
industry problem costing millions of dollars in lost revenue. The main markets
affected are those with high termination rates and heavy competition. Finding the
source of the fraudulent behavior is time consuming and near impossible, as
carriers resell routes from other suppliers, often in long chains. These
fraudulent calls are normally blended with real traffic making detection more
difficult using statistical methods. Sometimes, FAS is not due to malicious
behavior, but poorly configured equipment, often used in international bypass
gray market.
Responding to the well publicized concerns of the Global FAS Forum, whose
membership includes the world's leading international carriers, NYTEX developed
the FAS prevention system to identify and eliminate up to 85% of fraudulent
calls. NYTEX's unique position as a neutral exchange between carriers, guarantees
an impartial determination. NYTEX's real-time billing and clearing system
automatically updates the billable calls with this information and guarantees
that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at
the forefront in the battle against fraudulent and costly call behavior in the
international voice market. We have listened to the industry and responded with a
state-of-the-art solution. NYTEX believes that it is important to ensure that
market participants have confidence in the traffic they trade. This new system
ensures the integrity of our trading platform and shows our commitment to wipe
out FAS from the industry."
About New York Telecom Exchange
New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international
telecommunications commodity exchange, provides a trading platform for wholesale
carriers, mobile and fixed network operators and retail operators. NYTEX acts as
the central clearing house to all exchange-traded transactions and therefore
guarantees the delivery and fulfillment of these transactions. NYTEX has fully
integrated US Dollar and Euro trading floors, where transactions can be completed
without incurring any currency risk.
NYTEX's mission is to organize the world's 400 billion minutes and $20 billion of
international telecommunications traffic and to become the banking system to the
telecommunications industry and Telecom investors - providing everything from
financial institution clearing to financing to underwriting blocks of minutes.
NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage
houses, investment bankers and Telecom investors intends to create a new economy
based on telecommunications. Since its creation in 2008, NYTEX has grown to over
300 market participants who trade over 275 markets, covering the world's major
termination markets. With the creation of NYTEX, developing countries can now use
their international inbound traffic and trade it just like any other natural
resource.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC.
All statements, other than statements of historical fact, included herein that
address activities, events or developments that United American Corporation or
New York Telecom Exchange, Inc expects, believes or anticipates will or may occur
in the future, including anticipated benefits and other aspects of the proposed
acquisition, are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially. Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of their dates. Except as required by law,
neither United American Corporation nor New York Telecom Exchange, Inc intends to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: New York Telecom Exchange, Inc.
CONTACT: New York Telecom Exchange, Inc
info@nytex.net
Tel: +1 (212) 738 0759 ext 3746
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Excellent news! This company is still in its infancy.We should be trading much higher than current levels.
Some retail sellers on the ask holding us back to get past that. International Telecoms Week coming up and pending ticker change we will have lot more eyes on this.Could get interesting.GLTY
Nice trade.GLTY
When big money discovers this,will be a game changer!
UAMA 0.013 http://www.nytexus.com/index3.html
NYTEX will be at International Telecoms Week (ITW is the meeting point for the global wholesale telecommunications community to buy and sell both voice and data products and services. ITW is an event for the entire industry with participants from all areas of the wholesale industry: Tier 1, Tier 2 and Tier 3 carriers, mobile / wireless operators, ISPs, VoIP providers and technology partners from the voice, data, satellite, sub-sea and fixed line markets)
http://www.internationaltelecomsweek.com/
Taking place in Washington DC May 23-25th,all the domestic and international giants are present just look at this list http://www.internationaltelecomsweek.com/CompaniesAttending2011.html
This event is big investors all over the world will be there,it wont take much for a company or investor(s) to discover this undervalued and unique company that we have.With 24 million float (312k $) this could be the big one! This is the first big event where NYTEX shares are available for public trading. Doesn't take much to see the huge potential here.
Also no change in share structure or any plans for change.All the necessary paperwork has been filed for ticker change,could be anytime now(per CEO) and working on getting all the filings up to date . GLTA
Found this today,could be huge for us! NYTEX will be at International Telecoms Week (ITW is the meeting point for the global wholesale telecommunications community to buy and sell both voice and data products and services. ITW is an event for the entire industry with participants from all areas of the wholesale industry: Tier 1, Tier 2 and Tier 3 carriers, mobile / wireless operators, ISPs, VoIP providers and technology partners from the voice, data, satellite, sub-sea and fixed line markets)
http://www.internationaltelecomsweek.com/
Taking place in Washington DC May 23-25th,all the domestic and international giants are present just look at this list http://www.internationaltelecomsweek.com/CompaniesAttending2011.html
This event is big investors all over the world will be there,it wont take much for a company or investor(s) to discover this undervalued and unique company that we have.With 24 million float (312k $) this could be the big one! This is the first big event where NYTEX shares are available for public trading. Doesn't take much to see the huge potential here.
Also no change in share structure or any plans for change.All the necessary paperwork has been filed for ticker change,could be anytime now(per CEO) and working on getting all the filings up to date . GLTA
Nice trade added also 250k today. GL
Current market cap 1.2 million for a company with 20 million revenues annually ,hardly no debt and profitable.Once they catch up with filings and name change we should be trading in the .15 -.25 range.80 % of stock is owned by insiders(60% or so by the founder).Until then this will have wild swings and manipulation going. GLTA
Manipulation at best here , not filling orders at the ask,not showing my bids . LOL
Buying opportunity. EOM
Lawry Trevor-Deutsch at 514-313-3424
Lots of excellent news to look forward to.NYTEX is on the roll.
Correct,there are no restricted issued other than insiders who wont be selling first opportunity they get.He said that company has a credit line for 50k or so for equipment but no debt.They have 3 full time and several parttime employees.
UAMA update.
Called the CEO today again.NYTEX was owned by a investment fund and a family trust fund(founder and current Chief Technology Officer Laliberte )and they got all the restricted shares. Also Mr Laliberte still owns the 2625000 shares from United America days. The float remains 20 mil or so ,80% now is owned by insiders.Company has 1-2 mil in revenues a month ,its profitable and has no debt! Ceo is working to get CE removed and get up to date with all the filings,current on pink sheets and uplisted to OTC fully reporting company! GLTA
MM's are short here big time.After steady buying all day ,they try to take out bids.
Nice day here friends.
I think the 3 day rule is pretty much ignored for companies with no filings .Without any info about the filings and who got the issued restricted shares MM's will sell against .Or there could be a still short position here still here from United American days.The other stock i mentioned was mostly sold by CSTI notorious shorted in pink sheets.
Thats very good news for us ,i would imagine that with all the uprisings and revolutions happening all across the Middle East and East Africa the NYTEX business should be booming.As far as selling ,i have seen it before where marketmakers are selling shares against restricted shares .We are CE on pink sheets and no current filings so until then ,they will sell against restricted. I was in a RM stock not too long ago where we had more than 160% of the float and marketmakers continued to sell hoping to cover lower when shares come unrestricted.The difference is that company was a startup and had no revenue or income,so it was a pretty safe bet .We have a established company here with excellent revenue and profits and most shares owned by insiders .We need to have namechange and current filings come out to show revenue ,profits ,debt and most important how many sharers are owned by insiders.That could make them cover.GLTY
From last PR.