NanoTech Gaming Inc (NTGL)

[end2war]

The published short interest that the NASD just started publishing for the pink sheet stocks is only for the period from July 3 until the cut off date before the report... much less than 1 month...

http://www.otcbb.com/news/2006/GeneralNews/071406.stm

"NASD intends to launch a new web page that allows users to query a specific OTC security’s reported short interest position for a particular month. The query will return the security name and symbol, OTC market type"

It does not cover short positions initiated before 7/3, and it does not focus on whether the short interest is a "regular" short with a borrowed security or a NSS. It is not too useful by itself because it does not show the total short interest in CTKH, nor does it show the NSS position. It will be more useful after several months and you can look at changes in the short interest positions for a security to see if the sentiment is getting better or worse.

Additionally, the SHO list, which does show NSS, presently does not include the NSS position that arose prior to July 3, 2006, if any, because (under the existing SHO rules) the SEC "grandfathered" in the pre-existing NSS positions...but on 7/17/06 the SEC proposed to eliminate the "Grandfather" provision, and if and when this occurs, all NSS positions will be shown in the SHO list (but not in the short interest list).

The SEC has been purposefully phasing this SHO list in gradually, so that the old NSS positions could cover over time without causing short squeezes and undue market volatility. However, the time is running out for NSS positions that still exist as eventually the grandfather clause will be gone and the NSS will be required to close.

NSS positions still have time to close until the rule changes are put into effect [assuming that is going to happen and it appears clear the SEC is intent on doing it] plus the proposed new rule gives them another 35 settlement days before they would have to cover... in other words, the SEC has given notice they should start to cover... although the date by which all covering must occur is not yet known...

There is an interesting new question whether someone that holds a NSS position could cover and simultaneously create temporary new short positions that would offset the upward pressure while they cover, but those would just be temporary and would need to be covered too... so they could not simply roll the entire NSS into a new short position, but it is another delay tactic they might try to avoid squeezes...

Any company that is weak, without buying interest, would be easier for the NSS positions, but if the NSS positions gets caught trying to cover at the same time as positive news comes out for a company, look out, because that is the scenario that will produce a big fat short squeeze...