Infinium Labs Inc. (IFLB) SqueezeTrigger Price Is $0.14. Approximately 111 Million Shares Shorted Since January 2005 According To Buyins.net Research Report
April 12, 2006 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, is initiating coverage of Infinium Labs Inc. (OTCBB: IFLB) after releasing the latest short sale data to April 2006. From January 2005 to April 2006 approximately 1.4 billion total aggregate shares of IFLB have traded for a total dollar value of nearly $206.8 million. The total aggregate number of shares shorted in this time period is approximately 110.9 million shares. The IFLB SqueezeTrigger price of $0.14 is the volume weighted average short price of all short selling in IFLB. The first short squeeze is expected to begin when shares of IFLB close above $0.02, where approximately 29 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit buyins.net.
Month Total Volume Short Volume Avg. Price Short Dollar Value
January ’05 98,589,760 7,591,412 $0.88 $6,690,311
February 53,424,064 4,113,653 $0.41 $1,696,882
March 30,475,040 2,346,578 $0.34 $800,887
April 41,007,272 3,157,560 $0.21 $652,036
May 46,319,192 3,566,578 $0.15 $543,190
June 65,672,296 5,056,767 $0.12 $583,045
July 44,218,168 3,404,799 $0.09 $323,115
August 82,349,600 6,340,919 $0.07 $471,764
September 35,324,700 2,720,002 $0.05 $135,728
October 113,862,992 8,767,450 $0.03 $273,544
November 96,426,256 7,424,822 $0.02 $112,857
December 105,201,928 8,100,548 $0.02 $136,089
January ’06 143,335,072 11,036,801 $0.02 $210,803
February 286,032,832 22,024,528 $0.13 $2,916,048
March 164,791,248 12,688,926 $0.03 $324,837
April 33,180,358 2,554,888 $0.02 $51,353
Total: 1,440,210,778 110,896,230 $0.14 $15,922,490
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
IFLB On OTCBB Naked Short Threshold List
On List Off List # Days
January 21, 2005 September 6, 2005 158
January 23, 2006 January 31, 2006 7
March 27, 2006 April 10, 2006 11
Infinium Labs Inc. has been on the OTCBB Naked Short Threshold list 3 times. Brokerage firms have been out of compliance with Regulation SHO once regarding IFLB. 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 Infinium Labs Inc.
Infinium Labs Inc. a development stage company, develops broadband video game delivery systems that enable consumers to purchase and play games over the Internet. The company develops Phantom Game Receiver and Phantom Game Service, which provides integration of broadband receiver hardware, subscription-based service, and streaming game delivery network enabling consumers to try, purchase, and play personal computer-based games from a catalog of various titles. Infinium Labs is headquartered in Sarasota, Florida.
About BUYINS.NET
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
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