posted
Schwabie, this is a bottom player and so i think we can see about 40-50% as i am really liking this one but we can even see a big move u never know but yeah i am thinking about 40-50%
-------------------- please dont trade stocks on my alerts, do your dd first.
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posted
May 30, 2006 (M2 PRESSWIRE via COMTEX News Network) --
**********, www.**********, is reiterating coverage of Infinium Labs Inc. (OTCBB: IFLB) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 1.58 billion total aggregate shares of IFLB have traded for a total dollar value of nearly $209.4 million. The total aggregate number of shares shorted in this time period is approximately 121.5 million shares. The IFLB SqueezeTrigger price of $0.13 is the volume weighted average short price of all short selling in IFLB. The first of several short squeezes is expected to begin when shares of IFLB close above $0.02. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol Avg.Price $Value
Jan 05 98,589,760 7,591,412 $0.88 $6,690,311
Feb 53,424,064 4,113,653 $0.41 $1,696,882
Mar 30,475,040 2,346,578 $0.34 $800,887
Apr 41,007,272 3,157,560 $0.21 $652,036
May 46,319,192 3,566,578 $0.15 $543,190
June 65,672,296 5,056,767 $0.12 $583,045
July 44,218,168 3,404,799 $0.09 $323,115
Aug 82,349,600 6,340,919 $0.07 $471,764
Sept 35,324,700 2,720,002 $0.05 $135,728
Oct 113,862,992 8,767,450 $0.03 $273,544
Nov 96,426,256 7,424,822 $0.02 $112,857
Dec 105,201,928 8,100,548 $0.02 $136,089
Jan 06 143,335,072 11,036,801 $0.02 $210,803
Feb 286,032,832 22,024,528 $0.13 $2,916,048
Mar 164,791,248 12,688,926 $0.03 $324,837
Apr 132,410,760 10,195,629 $0.02 $209,010
May 38,435,828 2,959,559 $0.02 $47,353
Tot 1,577,877,008 121,496,530 $0.13 $16,127,500
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
IFLB On OTCBB Naked Short Threshold List
On List Off List # Days
January 21, 2005 September 06, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
Infinium Labs Inc. has been on the OTCBB Naked Short Threshold list 4 times. Brokerage firms have been out of compliance with Regulation SHO once. 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. SEC Regulation SHO, under the Securities Exchange Act of 1934, 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.
About Infinium Labs Inc.
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SEATTLE, May 31, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Infinium Labs, Inc. (OTC Bulletin Board: IFLB) today provided an operations update.
"We are on a fast pace crossing over the threshold of manufacturing and marketing our first product, the Phantom Lapboard," noted Greg Koler, Infinium Labs' President and CEO. "Everything is on schedule for first arrivals of the Phantom Lapboard this October in the US market."
The Company is moving forward with Itron Technology Inc., a worldwide leading manufacturer and marketer of input devices such as keyboards and mice, to manufacture the Phantom(R) Lapboard, a combination keyboard/mouse peripheral designed to enhance video game play on PCs. The Company will evaluate prototypes in June and July and plans to proceed with manufacturing production in September to meet its October shipping date.
The Company is nearing agreements with worldwide companies to handle the logistics, warehousing/distribution, customer relations management and fulfillment services to support the marketing of the Phantom Lapboard in the US and European markets.
The Company is planning major revisions to the design and content of its website to incorporate direct marketing capabilities including an online merchant store to support business to consumer and business to business transactions with credit card banking services. The Company is reviewing marketing agency proposals to support interactive online marketing programs and expects to make agency selections in June.
The Company is moving forward in development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. The Company is engaged in discussions to license the Phantom Game Service technology to well-established manufacturers of PCs and digital home entertainment centers.
About Infinium Labs
Infinium Labs (OTC Bulletin Board: IFLB) is the designer and manufacturer of the Phantom Lapboard. The Company is in development of the Phantom Game Service. Delivered over broadband, the Phantom Game Service is designed to offer casual and avid gamers a broad library of titles, available anytime, day or night. For more information, please visit http://www.phantom.net.
PR contact pr*phantom.net Safe Harbor Statement
Certain statements included in this press release may constitute forward- looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: the development of the Infinium Labs technology, ability to secure additional financing, the successful marketing and distribution of the Phantom Game Service, acceptance by the market of Infinium Labs, products and technology, competition and timing of projects and trends in the gaming industry, as well as other factors expressed from time to time in filings Infinium Labs will make with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with periodic filings Infinium Labs makes with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Infinium Labs undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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