How about NWWV. Their TA showed up in a company PR to announce strategies to combat "market irregularities".
Wagerphone and Transfer Online set precedent and initiate relationship to help combat short selling
TORONTO, April 19 /PRNewswire-FirstCall/ - New Wave Mobile Inc -NWWV- is pleased to announce that Wager Phone Inc. at the request of many of its loyal shareholders is working closely with Transfer Online of Portland Oregon www.transferonline.com to initiate a program for shareholders.
This program would aid and assist shareholders to open up an account with Transfer Online utilizing the DRS system which enables participants and qualifying transfer agents, known as limited participants, to electronically move an investor's security positions between street-name ownership and direct registration book-entry position. DRS uses similar processing as DTC's Delivery Order (DO) functions to move positions, with specific reason codes to identify the transaction as a DRS transaction
Armando Russo states, 'In short this means you could have your shares returned from your brokerage firm to the transfer agent to be held in safe keeping in your name. At that point you may electronically transfer shares same day back to your brokerage firm as needed. This would make it harder for market makers and others to participate in shorting of securities which we speculate as a big part of our stock.
Lori Livingston, President & CEO of Transfer Online states 'We are pleased to be working with New Wave Mobile Inc. and look forward to helping them in every way possible to create a comprehensive strategy designed to combat the market irregularities in pricing and volume that they attribute to short selling issues in the market.' .She went on to say, 'We look forward to helping them find some answers and we hope to share the information with other clients of Transfer Online facing similar problems that seem to be common place in the penny stock market'
WP is focused on providing National and State Lotteries with a number of quick and convenient methods to purchase lottery tickets and scratch cards via the utilization of SMS, J2ME, Brew, WAP, Interactive Voice Recognition (IVR), and Online technologies.
New Wave Mobile currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000 and the transfer agent is transfer Online of Portland Oregon. The total authorized is 260,00,000
The company currently is not seeking any additional financing and also states there is no convertible debt or any financing instruments outstanding at this time.
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