**********: MOTGE, RD, GMR Have Been On ********** Naked Short List For 13 Consecutive Trading Days
By M2 Last Update: 11/4/2005 8:58:53 AM Data provided by
Nov 04, 2005 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Modern Technology Corp. (MOTGE), Royal Dutch Petroleum (RD) and General Maritime Corp. (GMR) For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********/squeezetrigger.pdf.
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.
Modern Technology Corp. (MOTGE) operates as a business development and acquisition company. The company engages in aiding companies in the areas of business development, financing, product development, and management consulting. Its areas of service also include corporate strategy, corporate image and public relations, and product distribution and marketing. The company was founded in 1982 and is based in Oxford, Mississippi. Modern Technology Corp. acquired Real Time, LLC, which provides e-commerce and e-business custom and modular solutions for law firms and businesses in October 2004. With 15.07 million shares outstanding and an undisclosed short position, the failure to deliver in shares of MOTGE has not been resolved and a buy-in is possible.
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MODERN TECHNOLOGY CORP Quick Quote: MOTGE 0.08 (Even)
**********: MOTGE, RD, GMR Have Been On ********** Naked Short List For 13 Consecutive Trading Days 11/4/05
Nov 04, 2005 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Modern Technology Corp. (OTC: MOTGE), Royal Dutch Petroleum (NYSE: RD) and General Maritime Corp. (NYSE: GMR) For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********/squeezetrigger.pdf.
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.
Modern Technology Corp. (OTC: MOTGE) operates as a business development and acquisition company. The company engages in aiding companies in the areas of business development, financing, product development, and management consulting. Its areas of service also include corporate strategy, corporate image and public relations, and product distribution and marketing. The company was founded in 1982 and is based in Oxford, Mississippi. Modern Technology Corp. acquired Real Time, LLC, which provides e-commerce and e-business custom and modular solutions for law firms and businesses in October 2004. With 15.07 million shares outstanding and an undisclosed short position, the failure to deliver in shares of MOTGE has not been resolved and a buy-in is possible.
Royal Dutch Petroleum (NYSE: RD) is a major oil and gas refiner. The New York Stock Exchange said it will begin procedures for Royal Dutch Petroleum Co. to resume trading, after the company disclosed details of its restructuring plan Monday. The NYSE said the shares would trade until the restructuring is complete or until the Securities and Exchange Commission approves the company's application to withdraw its New York registry shares. the Netherlands-based Royal Dutch Shell said it will pay 52.21 euros ($63) a share to remaining Royal Dutch shareholders, or a total of 1.6 billion euros ($2 billion) if they all receive cash, as part of the final phase of its corporate merger. The offer is for shareholders who have yet to tender their shares as part of the unification between the two companies that have historically made up the group, Royal Dutch Petroleum Co. and Shell Transport and Trading. With 2.08 billion shares outstanding and 1.65 million shares declared short, the failure to deliver in shares of RD has not been resolved and a buy-in is expected.
General Maritime Corporation (NYSE: GMR) provides international seaborne crude oil transportation services. It primarily operates in the Atlantic basin, which includes ports in the Caribbean, South and Central America, the United States, Western Africa, the Mediterranean, Europe, and the North Sea. The company also operates tankers in other regions, including the Black Sea and Far East. As of April 27, 2005, General Maritime owned and operated a fleet of 47 tankers, including 26 Aframax, 17 Suezmax tankers, and 4 Suezmax newbuilding contracts. Its customers primarily include oil companies, oil producers, oil traders, tanker owners, and others. The company was founded by Peter Georgiopoulos in 1997 and is headquartered in New York City. With 38.66 million shares outstanding and 4.18 million shares declared short as of October 11th, the failure to deliver in shares of GMR has not been resolved and a buy-in is imminent.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.**********/squeezetrigger.pdf . The SqueezeTrigger database of nearly 450,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** may receive compensation in cash or shares from independent third parties or from the companies mentioned.
********** affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.
********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ********** undertakes no obligation to update such statements.
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Well, Tara, this is just what we've kinda been rumbling over. NITE has been the main player in this, and continues to box in the b/a. Personally, I think he's digging himself a deep hole. When the 10K hits, he's going to have to cover all those shorts.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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I agree tech. If we get a good 10k in the next couple days and there is not much panic selling while we wait...the squeeze will be on and we see $1...imo
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between here and RB it sounds like we hold a significant % of this stock. NITE better just start covering from here on up...he's got to be getting nervous...lol
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imo we close green today...even folks who normally flip should see the fact that we are on the short list as a sign this could gap big on premarket news Monday...it is worth the risk to stay in over the weekend.
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lol...Hartford, if all goes well this will make you enough to be a big fish on the next one...all big fish started out small somewhere..glad to have you along.
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Anthony Welch has a plan for dealing with the naked shorts which should propel this puppy north -- along with the much awaited 10KSB and further acquisition news. It will be a sight worth watching IMO.
-------------------- Never underestimate the stupidity of people in large groups.
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Oh, this is going to be mindbending! 10K comes outs, stock doubles or triples...Do I cah in, or hold out? ...Aquisition news comes out, stock adds 50-100%; cash in or hold out? I hate win-win situations!
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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seems to be sorta weird, big spread in ask and bid, very low volume.
I wonder if Knight is trying to cover at .07 and no one selling. Just seems totally weird. I know stocks do this when news is coming out, the brokers widen the spread to stop or slow trading til they can digest the news.
I bet this gaps one way or the other and they are figuring out where to take it.
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I just put a limit order in for all or none at 0.07 for 2400 shares which would bring me to a grand total of 3000 shares. I told you all I was new at this
No guts no glory says a friend of mine. Looking forward to a short squeeeeeze. Management appears to have everything under control and the pps is holding nicely. I still want some trading shares at .066 while I'm waiting, we'll see if they pickup my order.
-------------------- Never underestimate the stupidity of people in large groups.
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quote:Originally posted by tech1: Oh, this is going to be mindbending! 10K comes outs, stock doubles or triples...Do I cah in, or hold out? ...Aquisition news comes out, stock adds 50-100%; cash in or hold out? I hate win-win situations!
What do you think of this...
At my different pre-set breakpoints, I'll sell just a fraction of my holdings (maybe 25% or 50%)... when and if the stock drops, I'll buy more shares. If it doesn't drop, I'll save those profits for another stock (i.e. svxp, itgj, etc.). Meanwhile, the rest of my holdings hopefully will continue to rise while I try to get back in.
What do you experts think of this strategy? Please let me know... I want to tweak/improve/change my strategy before everything starts running like crazy.
What strategy seems to work the best?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Depends on your long-term objective. If you're in a company for the long haul, when it spikes, get your investment out and leave the rest. Take it off your watch list, and check it every few months. If you're just playing the market, sell for your investment and some profit, leave the rest and watch. And to key on your statement 'when and if the stock drops'...if you think it's going to drop, get all out, then re-invest when it has done so.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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If we get no selling by 1pm watch this go higher into the close...I think NITE is nervous and will want to buy more shares in this under .1 area...if news comes out premarket we will not see these levels again and he pays much higher prices to get even...
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