Wednesday, February 28, 2007 8:14:04 PM
International Energy, Ltd. (OTC: ILGY) intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide. With an undisclosed short position, the failure to deliver in shares of ILGY has not been resolved and a buy-in is possible. *BUYINS.NET
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This is almost identical to some recent stocks activity.
Huge volume AT THE BOTTOM.
If you were shorting a lot of shares, what would the covering look like?
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