EQBM
Equitable Mining Corp. Begins Program to Verify Share Numbers and Address Potential Short Positions
Wednesday October 11, 5:00 am ET
TORONTO, Oct. 11 /PRNewswire-FirstCall/ - Equitable Mining Corp. ("Equitable" or "Company") (EQBM.PK or E5W Frankfurt) announces today it has begun the program it has been planning for a couple of weeks to address potential short positions in Equitable's stock that management believes needs to be researched and examined to ensure integrity in the marketplace for its shares.
The various information available to the Company has begun to be received, such as the Company's Non Objecting Beneficial Ownership (Nobo) List, DTC position reports and transfer agent records. Company management will diligently review, examine and, in effect, audit its share numbers to give the Company a concise look at the specific ownership positions of Equitable's shares.
The Company is making some carefully planned strides to improve its performance by implementing new business lines and pursuing quality acquisitions. This verification program, management feels, is essential in making sure that it has a solid foundation in order to build shareholder value.
If the Company's research and examination find an imbalance in regards to the reported short positions, the shares that are out in the public and the total shares issued and outstanding the Company will act to correct the problem.
"Sometimes it is entirely appropriate to kill a fly with a sledge-hammer!"
