I've been watching the volume and price the past few days and it looks like the following shorting issue might be under control and they may have reached the bottom. Even with the drop in the DOW last few days, ATVR has been holding relatively steady, so I bought some today at .003. Now its time for new management to start bringing it back up. Comments anyone?
FT. LAUDERDALE, FL--(MARKET WIRE)--Feb 20, 2007 -- AMORE TV, INC. (Other OTC:ATVR.PK - News), a publicly traded company currently on the Over the Counter, announces today its company update and a shareholder request regarding physical certificates.
Amore TV has made the corporate changes:...
...The Company may be the subject of naked shorting, a practice that can hurt share prices and market valuation. As a consequence, the company is asking all shareholders who have their certificates with brokerage firms (which firms can therefore lend those certificates to support the naked shorting practice) to request delivery of their physical certificate.
The Company is making this request in the hopes that having certificates sent to shareholders (and taken out of "street name" to use brokerage parlance) will undercut any naked shorting and will help stabilize if not bring value to the company. The Company intends to file to receive a Failure to Deliver report compiled by the SEC and/or NASD and if necessary, will file a Freedom of Information Act Request with the SEC and NASD.
