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*** BTLY Naked Short Squeeze & More Coming Soon ***
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[QUOTE]Originally posted by machtabow: [QB] I will contact the SEC monday to see if I can have them explain in detail what the window is for the naked short covering to be accomplished. The primary reason they need to cover is... if they in fact have abused naked shorting privleges and not covered their positions... that in fact would be highly unethical and they could face a stiff penalty. As per part of my conversation with Mr. Lee today we discussed the recent SEC meeting with respect to Naked Short Sales... and the fact that many of these companies may now be a lot more concerned that they in fact are not and have not abused the system. Therefore as we move forward and begin to identify shareholder when they exchange new stock certificates via their brokerages... it does make sense that MM's begin to more aggressively cover naked short positions and not risk penalties. Hint: I wouldnt be suprised if we saw a second PR later this week asking shareholders to contact their Brokerages to be identified for the previous Dividend payout. Keep in mind... the goal... is to identify shareholders... and discover the abuses and eliminate those entities that Naked Short unethically. Regards, Mach Bentley Communications Corp. to Change Its Name to Bentley Commerce Corp. and Obtain A New CUSIP Number, Effective Jan. 12, 2004. Shareholders Urged to Exchange Stock Certificates This release occurred on December 30, 2003 PS. Other stocks that I have seen move with respect to name and symbol changes have moved aggressively a few days before, the day of, and a few days after the actual change. Take care. mach [QUOTE]Originally posted by Gonnaplode: [b]May I ask a Newbie Question, If trading begins on Monday under the new symbol, isn't it too late for any MMs to cover any shorts they may have had on BTLY? Wouldn't they have had to cover them before close of Market on Friday when the stock was trading under that symbol? TIA, Cheers[/b][/QUOTE] [This message has been edited by machtabow (edited January 10, 2004).] [/QB][/QUOTE]
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