TransGlobal Assets Inc (TMSH)

[HighPriestess]

TMSH = 11.24 Million Total Shares Shorted

This is a very large short position.

You know I was not really thinking about the short interest and what I could see was really not impressive. I decided to look into it a little further and what I found out was very interesting. There actually might be a very large short position in the stock after all.

I think that the shorts are getting borrows against their short position and the rest of you real traders know what that means.

I think that the shorts are in real trouble here.

A few points of interest to look at. I noticed that the SEC does not have the May Data available. Not even for the first half, I find that strange.

But what is really important to notice is Accumulation/Distribution has consistently gone up, the entire time since December, and the shorting has been just as consistent. Which more likely means that the short position is fairly large, maybe even larger than what Buyins.net reported on May 2nd. Then I saw this report from Buyins.net.

If anyone tries to state the shorts do not exist, then you know they are the ones shorting IMO. You can also see all of the rules and regulations for shorting and naked shorting at the SEC website.

http://www.sec.gov/foia/docs/failsdata-archive.htm
http://www.sec.gov/spotlight/keyregshoissues.htm

I also put the links below to tie in the information for you.

I noticed Buyins.net has also been following the stock. And their information matches the FINRA and the SEC data.

Look at this Press Release from Buyins.net. Look at the size of the short position!

http://finance.yahoo.com/news/BUYINSNET-Updates-TransGlobal-pz-2970600552.html?x=0&.v=1


* Approximately 11.24 Million Total Shares Shorted Since November 2009
* Short Squeeze Expected to Begin Above $0.159

The total aggregate number of shares shorted since November 2009 is approximately 11.24 million shares. Approximately 32.48% of daily trading volume is short selling. The SqueezeTrigger price for all TransGlobal Assets (OTCBB:TMSH - News) shares shorted is $0.159. A short squeeze is expected to begin when shares of TMSH close above $0.159.

I would think that the "SHORT SQUEEZE TRIGGER PRICE" is much lower now, probably only about .12! IMO.

Click for original Report: http://www.buyins.com/reports/tmsh3-24-11.pdf

Click for updated SqueezeTrigger: http://www.buyins.com/images/tmshstr4-30-11.jpg

Click for updated Friction Factor: http://www.buyins.com/images/tmshff4-30-11.jpg

Friction Factor calculates if a fair market is being made in the shares of TMSH. 35% of the previous 37 trading days have been positive or bullish-biased and 65% have been negative or bearish-biased.

Can you say unbelievable? What were these people thinking. I am now thinking this is building to become the "Perfect Storm"!

http://www.sec.gov/foia/docs/failsdata-archive.htm

Here is the April SEC Data for Fails to Deliver (Naked Short Sales)

20110401|89366P105|TMSH|6110|TRANSGLOBAL ASSETS INC COM STK|0.15
20110404|89366P105|TMSH|6501|TRANSGLOBAL ASSETS INC COM STK|0.12
20110408|89366P105|TMSH|6851|TRANSGLOBAL ASSETS INC COM STK|0.09
20110411|89366P105|TMSH|5661|TRANSGLOBAL ASSETS INC COM STK|0.09
20110412|89366P105|TMSH|3645|TRANSGLOBAL ASSETS INC COM STK|0.09
20110413|89366P105|TMSH|1208|TRANSGLOBAL ASSETS INC COM STK|0.09
20110414|89366P105|TMSH|4748|TRANSGLOBAL ASSETS INC COM STK|0.07
20110419|89366P105|TMSH|37486|TRANSGLOBAL ASSETS INC COM STK|0.08
20110420|89366P105|TMSH|7075|TRANSGLOBAL ASSETS INC COM STK|0.09
20110421|89366P105|TMSH|6447|TRANSGLOBAL ASSETS INC COM STK|0.08
20110425|89366P105|TMSH|5637|TRANSGLOBAL ASSETS INC COM STK|0.11
20110426|89366P105|TMSH|873|TRANSGLOBAL ASSETS INC COM STK|0.08
20110427|89366P105|TMSH|1000|TRANSGLOBAL ASSETS INC COM STK|0.08
20110428|89366P105|TMSH|1000|TRANSGLOBAL ASSETS INC COM STK|0.07
20110429|89366P105|TMSH|9661|TRANSGLOBAL ASSETS INC COM STK|0.07

Now these Naked Short Shares may have been covered, but I really doubt it because they probably did not figure the company would get any financing at all. Looks like the shorts guessed wrong.

There are a total of 103,903 Naked Shares that were FTDs. This is a definite Red Flag because that means there were shorting and basically have been for a long time and have not bothered to cover the short positions. This will play into the longs hands very shortly.

Date Change BuyVol SellVol NetVol
4/28/2011 -$0.0030 26,549 125,782
4/27/2011 -$0.0080 90,738 233,164
4/26/2011 $0.0000 77,800 170,263
4/25/2011 -$0.0340 176,523 639,762
4/21/2011 $0.0380 609,563 511,559
4/20/2011 -$0.0090 55,736 89,140
4/19/2011 $0.0100 5,510 58,320
4/18/2011 -$0.0200 132,565 226,763
4/15/2011 $0.0150 357,309 315,441
4/14/2011 $0.0100 234,190 425,600
4/13/2011 -$0.0200 26,325 155,092
4/12/2011 -$0.0030 87,450 211,390
4/11/2011 -$0.0020 86,600 197,794
4/8/2011 -$0.0040 77,003 168,674
4/7/2011 -$0.0150 30,200 37,430
4/6/2011 -$0.0088 19,750 181,543
4/5/2011 $0.0088 22,000 13,000
4/4/2011 -$0.0200 33,210 119,105
4/1/2011 -$0.0300 55,828 103,605
3/31/2011 $0.0250 130,430 98,004
3/30/2011 -$0.0300 28,552 71,830
3/29/2011 $0.0000 2,325 10,000
3/28/2011 -$0.0389 22,850 75,290

The FAILURES TO DELIVER ("naked shorts") HAVE BEEN MINIMAL (which I think means shorts are getting BORROWS on their short sales, IMO):

SETTLEMENT DATE CUSIP SYMBOL QUANTITY (FAILS) DESCRIPTION PRICE
20110324 89366P105 TMSH 5323 TRANSGLOBAL ASSETS INC COM STK 0.15
20110325 89366P105 TMSH 91263 TRANSGLOBAL ASSETS INC COM STK 0.17
20110328 89366P105 TMSH 603 TRANSGLOBAL ASSETS INC COM STK 0.15
20110329 89366P105 TMSH 12804 TRANSGLOBAL ASSETS INC COM STK 0.14
20110331 89366P105 TMSH 6110 TRANSGLOBAL ASSETS INC COM STK 0.12
SETTLEMENT DATE CUSIP SYMBOL QUANTITY (FAILS) DESCRIPTION PRICE
20110324 89366P105 TMSH 5,323 TRANSGLOBAL ASSETS INC COM STK 0.15
20110325 89366P105 TMSH 91,263 TRANSGLOBAL ASSETS INC COM STK 0.17
20110328 89366P105 TMSH 603 TRANSGLOBAL ASSETS INC COM STK 0.15
20110329 89366P105 TMSH 12,804 TRANSGLOBAL ASSETS INC COM STK 0.14
20110331 89366P105 TMSH 6,110 TRANSGLOBAL ASSETS INC COM STK 0.12

The other problem lies here, that "short sellers" are SHORTING AND GETTING BORROWS on their short sales as well as the FTDs, IMO:

Date ShortVolume TotalVolume Percent
4/27/2011 62,200 323,900 19.2
4/26/2011 39,200 248,000 15.81
4/25/2011 295,796 822,700 35.95
4/21/2011 370,165 1,139,100 32.5
4/20/2011 43,877 144,800 30.3
4/19/2011 15,500 63,800 24.29
4/18/2011 99,015 359,300 27.56
4/15/2011 309,574 677,200 45.71
4/14/2011 288,290 687,700 41.92
4/13/2011 40,000 181,400 22.05
4/12/2011 80,290 298,800 26.87
4/11/2011 89,500 284,400 31.47
4/8/2011 70,524 245,600 28.71
4/7/2011 31,470 67,600 46.55
4/6/2011 105,810 201,200 52.59
4/5/2011 33,000 35,000 94.29
4/4/2011 25,500 152,400 16.73
4/1/2011 56,500 169,400 33.35
3/31/2011 82,020 243,500 33.68
3/30/2011 38,627 104,400 37
3/29/2011 2,200 12,300 17.89
3/28/2011 27,290 132,300 20.63

Now here are the RegSho for TMSH.

http://regsho.finra.org/FORFshvol20110502.txt

20110502|TMSH|48849|0|283527|O
20110503|TMSH|10000|0|52286|O
20110504|TMSH|2500|0|44342|O
20110505|TMSH|7000|0|283490|O
20110506|TMSH|93381|0|276630|O
20110509|TMSH|8950|0|63950|O
20110510|TMSH|17500|0|163180|O
20110511|TMSH|10000|0|194423|O
20110512|TMSH|18000|0|79310|O
20110513|TMSH|10000|0|30000|O
20110516|TMSH|5000|0|31700|O
20110517|TMSH|80100|0|175300|O
20110518|TMSH|54446|0|138968|O
20110519|TMSH|160000|0|406325|O
20110520|TMSH|66340|0|130100|O

This is just to show that the percentage for the daily volume is very high.

If anyone tries to state the shorts do not exist, then you know they are the ones shorting IMO. You can also see all of the rules and regulations for shorting and naked shorting at the SEC website.

http://www.sec.gov/foia/docs/failsdata-archive.htm
http://www.sec.gov/spotlight/keyregshoissues.htm



This document is under revision. Please see the following documents for updated information: 34-58775, 38-58774, 38-58773, and 34-56212.
Division of Market Regulation:
Key Points About Regulation SHO
Date: April 11, 2005
I. Short Sales
A. What is a short sale?

A short sale is generally the sale of a stock you do not own (or that you will borrow for delivery).1 Short sellers believe the price of the stock will fall, or are seeking to hedge against potential price volatility in securities that they own.

If the price of the stock drops, short sellers buy the stock at the lower price and make a profit. If the price of the stock rises, short sellers will incur a loss. Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand, or to hedge the risk of a long position in the same security or a related security.
B. Example of a short sale.

For example, an investor believes that there will be a decline in the stock price of Company A. Company A is trading at $60 a share, so the investor borrows shares of Company A stock at $60 a share and immediately sells them in a short sale. Later, Company A's stock price declines to $40 a share, and the investor buys shares back on the open market to replace the borrowed shares. Since the price is lower, the investor profits on the difference -- in this case $20 a share (minus transaction costs such as commissions and fees). However, if the price goes up from the original price, the investor loses money. Unlike a traditional long position — when risk is limited to the amount invested — shorting a stock leaves an investor open to the possibility of unlimited losses, since a stock can theoretically keep rising indefinitely.
C. How does short selling work?

Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender. As with buying stock on margin,2 your brokerage firm will charge you interest on the loan, and you are subject to the margin rules. If the stock you borrow pays a dividend, you must pay the dividend to the person or firm making the loan.
D. Are short sales legal?

Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited.
II. "Naked" Short Sales

In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. 3 As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail").

Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from naked short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.

Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks such as securities quoted on the OTC Bulletin Board,5 as there may be few shares available to purchase or borrow at a given time.
III. Regulation SHO

Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938. Some of the goals of Regulation SHO include:

* Establishing uniform "locate" and "close-out" requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling.

o Locate Requirement: Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.6 This "locate" must be made and documented prior to effecting the short sale.

o "Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).

2. Who is Responsible for Identifying Threshold Securities?

Regulation SHO requires the SROs to disseminate a daily list of threshold securities where such SRO, or its market center,19 is the primary listing venue for any such security.

3. Where Can I Find Threshold Lists?

Each SRO is responsible for providing the threshold securities list for those securities for which the SRO is the primary market. You can obtain SRO threshold lists at the following websites:

Nasdaq: http://www.nasdaqtrader.com/aspx/regsho.aspx (includes Nasdaq issues, OTCBB, and other OTC issues)

NYSE: http://www.nyse.com/Frameset.html?displayPage=/threshold/

AMEX: http://www.amex.com/amextrader/tradingData/RegSHO/TrDa_RegSHO.jsp (Amex listed securities only)

CSE: http://www.chx.com/publications/reg_sho.htm

ArcaEx: http://www.tradearca.com/traders/regsho_th.asp


E. Who Do I Contact For More Information About Securities On a Threshold List?

If you have a question regarding a security on a particular SRO's threshold security list, contact that SRO directly. The following SROs are publishing threshold securities lists:

* for a particular OTCBB or Pink Sheet security on the threshold list, you may call NASD Market Operations at [phone] or send an email to [e-mail];

* for a particular NYSE listed security, you may contact NYSE at [e-mail];

* for a particular Amex listed security, you may e-mail [e-mail];

* for a particular ArcaEx security, you may call ArcaEx Clearing Hotline at [phone] or send an e-mail to [e-mail];

* for a particular CHX security, you may e-mail [e-mail].