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Old 05-10-2009, 02:35 PM   Nav to Top  #1
samnorris
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Default Naked short threshold? What's this?

BUYINS.NET, BUYINS.NET, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Vanguard Minerals Corp. (OTCBB: VNGM).

The company is based in Seattle, Washington. With 80.55 million shares outstanding and 1,500 shares declared short as of April 2009, there is a failure to deliver in shares of VNGM. According to quarterly data provided by the SEC, there were still 1,430,238 shares of VNGM that were failing-to-deliver as of April 18, 2008.


What does this mean? Opportunity/Risk?
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Old 05-10-2009, 06:15 PM   Nav to Top  #2
chuckd
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