RMDM - Filing - July 15, 2010 - RMD Entertainment Group (RMDM) Updates Public on the Company's Short Position: July 12, 2010
Beijing, July 15, 2010—RMD Entertainment (http://rmdmgroup.com/) shares with the public the findings of Bu***s.net, company RMDM management commissioned to track, report and try to suppress the company short sale position. The company reported that 77.24% of RMDM's traded stock on July 12th, 2010 had been sold short. The company reported as follows:
"Here is your Bu***s.net RegSHO Compliance Alert for July 12th, 2010. Our RegSHO Compliance Service helps to protect RMDM from short sellers and market makers that are violating the more stringent RegSHO market integrity provisions recently enacted. We are monitoring the trading activity in RMDM and here is today’s report:
Total Trading Volume: 23924995
Daily Short Volume: 18479995
Avg. Price of Shorts Today: 0.0002
Short %: 77.24
Volume at Offer: 19129995
Buy%: 79.96
Volume at Bid: 4795000
Sell%: 20.04
Shares Crossed: 0
Cross%: 0.00
Net Buying vs. Selling: 14334995
Price Change: -0.0001
Friction Factor: Abnormal Trading --- oh baby. can you smell that MOASS?
No your wrong. Buying them now for a short seller would be that they are just covering there sell. So if short sellers are buying them now, that is all a good thing.
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