AWYB>> September 27, 2006 American Way Watchers Still Left Speculating on Naked Shorts The current outstanding share structure of American Way Business Development (OTC: AWYB) is 12.8 million, with 10 million restricted and 2.8 million free trading shares in the public float. However, with the average volume around 5 million shares a day since the reverse split, some investors believe that there are extra or so-called “naked short shares” floating in the market place as a result of possible securities manipulation due to unusually heavy trading. Either those shares are pre-split shares that should not be available to trade, or just plain counterfeit shares. However, with the latest OTC equity short interest report for September out, that theory might be dispelled as it shows only 4,704 short interest shares in American Way. Investors who have been left to speculate should watch for an expected press release tomorrow that might be able to provide some light on this situation. For further reading on the story, click here to read our blog post from September 13.
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