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Monday, 10/16/2006 2:35:40 PM

Monday, October 16, 2006 2:35:40 PM

Post# of 17016
Here's another company fighting against naked shorting. It would be nice to have a news release from Unico about their naked shorting, but for now this will have to do. One might be able to draw similar conclusions about Unico's situation?

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105

PR Newswire - October 16, 2006 09:05
Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.


Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.

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