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M2 PRESSWIRE-7 March 2008-BUYINS.NET: DSX, LCAV, VLNC, EPRT, ESMNF, WNRC Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:07032008
BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Diana Shipping Inc. (NYSE: DSX), LCAVision Inc. (NASDAQ: LCAV), Valence Technology Inc. (NASDAQ: VLNC), Espre Solutions Inc. New (OTC: EPRT), Eurasian Minerals Inc (OTC: ESMNF), Wenr Corp. (OTC: WNRC). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
Diana Shipping Inc. (NYSE: DSX) through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. Its fleet consists of dry bulk carriers that transport iron ore, coal, grain, and other dry cargoes along worldwide shipping routes. As of December 31, 2006, its operating fleet consisted of 13 Panamax dry bulk carriers and 2 Capesize dry bulk carriers with a combined carrying capacity of…
Source: HighBeam Research, DSX, LCAV, VLNC, EPRT, ESMNF, WNRC Have Been On BUYINS.NET Naked...