mPhase Technologies Has $0.374 SqueezeTrigger Price On Projected 8,584,664 Shares Shorted in 2005 According to Buyins.net Research Report
Month Total Volume Short Volume Avg. Price Short Dollar Value January: 31,017,400 1,240,696 $0.425 $527,295.80 February: 45,420,200 1,816,808 $0.552 $1,002,878.02 March: 24,957,900 998,316 $0.474 $473,201.78 April: 10,762,800 430,512 $0.326 $140,346.91 May: 27,768,800 1,110,752 $0.278 $308,789.06 June: 10,729,600 429,184 $0.272 $116,738.05 July: 12,584,700 503,388 $0.262 $131,887.66 August: 7,711,100 308,444 $0.243 $74,951.89 September: 22,699,400 907,976 $0.235 $213,374.36 October: 20,964,700 838,588 $0.262 $219,710.06 Total: 214,616,600 8,584,664 $0.374 $3,210,664.37 * short volume is approximated using a proprietary algorithm ** average short price is calculated using a volume weighted average short price. XDSL On OTCBB Naked Short Threshold List On List Off List # Days February 3rd March 11th 26 April 29th June 21st 37 July 20th August 15th 19 August 26th September 6th 7 October 7th Currently on list 6
mPhase Technologies has been on the OTCBB Naked Short Threshold list 5 different times and has currently been on the list for 6 consecutive trading days as of October 14th. 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 mPhase Technologies
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS, designed to help service providers lower the provisioning and operating costs associated with DSL. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long, life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
WWW.BUYINS.NET 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. Buyins.net 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.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 400,000,000 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 Buyins.net 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, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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