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sunspotter

02/14/12 10:45 AM

#13157 RE: xray889 #13156

"shorts from 2/13
20120213|TEMN|2030000|0|4245125|O"


Not shorts - fails to deliver, or FTDs.

It's a completely different thing:


The RegSHO numbers do not describe short interest, as the SEC are at pains to point out:

"fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."


http://regsho.com/faq/investorquestions.php

In the case of TEMN, one need look no further than the fact it is on the DTC chill list to understand why there are FTDs:

"DTC Chill List:

....................................
87816N100 Team Nation Holdings Corporation..........TEMN"


And here, according to SEC is why some folk misrepresent the RegSHO data as short interest:


"There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."

http://regsho.com/faq/investorquestions.php

The real short interest on TEMN?

Negligible:

"Short Selling Data
Short Interest 1,427 (-92.56%)
Jan 31, 2012
Significant Failures to Deliver No"

http://www.otcmarkets.com/stock/temn/company-info

Fewer than 1,500 shares sold short!