Javelin Pharmaceuticals Inc (JAV)

[stuck_holder]

<The Bylaw Amendments were necessary due to rule changes promulgated by The American Stock Exchange that require AMEX-listed companies, including the Company, to ensure that their listed securities are eligible for participation in a direct registration system ("DRS") by January 1, 2008.

To comply with these rules, the Company must, among other things, be authorized to issue some or all of its listed securities in uncertificated form. The Bylaw Amendment amends and restates Sections 7.1, 7.3, 7.4 and 7.5 of Article VII of the Amended and Restated Bylaws. Prior to the Bylaw Amendments, the Bylaws required shares to be certificated and did not allow for the transfer of uncertificated shares.>

per my understanding, only shares in non-certificate form are eligible to be shorted (legally).

i'm not certain if this change will make it easier or harder for naked shorting (stock showing up on RegSHO list) to occur, tho my read is that it will make it easier...