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Article Excerpt
M2 PRESSWIRE-31 October 2005-BUYINS.NET: AWC, MCHX, SLRE, TKS Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:31102005
www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Alumina Ltd. (NYSE: AWC), Marchex, Inc. (NASDAQ: MCHX), Solar Energy Ltd. (OTC: SLRE) and Tomkins, Plc (NYSE: TKS). 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.buyins.net/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.
Alumina Limited (NYSE: AWC), through its subsidiary, engages in mining, refining, smelting, and marketing of alumina. The company primarily offers alumina, alumina-based chemicals, and aluminum. It primarily operates in Australia, North America, Europe, and Asia. The company, formerly known as WMC Limited, was incorporated in 1970 and changed its name to Alumina Limited in 2002. Alumina Limited is based in Southbank, Australia. With...
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