WTAF Wataire making waves in Belize with water generators Message Board

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Microcap & Penny Stocks : WTAF Wataire making waves in Belize with water generators

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To: Skywatcher who wrote (108)	8/9/2006 10:09:23 AM
From: yard_man	Read Replies (1) of 180

WARNING: This co. has all the marks of a scam. This company is trying to get shareholders hopes up by talking about a short squeeze if the stock gets above a certain level. Folks who have lost money: Don't lose any more ... biz.yahoo.com Press Release Source: Wataire Industries Inc. Wataire Industries Clarifies Short Interest Information Wednesday August 9, 9:00 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 9, 2006--Wataire Industries Inc. (Pink Sheets:WTAF - News) has previously expressed its concern about the speculative and undocumented comments made about the alleged effect of short positions on Wataire's share price. ADVERTISEMENT As a result of discussions with NASD, the Company wishes to state its position on NASD'S monthly short interest reports, which for the first time, are being compiled for over-the-counter stocks like Wataire Industries Inc. NASD's short interest report is a "snapshot" of total short positions as of the date of settlement of the month in question. This does not include historical data on short selling. Short interest numbers may also vary during the month. However, investors should be aware that any single day's short position should not reflect the historical pattern of shorts in the company especially when NASD did not provide over-the-counter short interest reports. BUYINS.NET, on behalf of WTAF, has analyzed 19 months of the total of shares shorted during this period but, again, what may have been true in the past is not a predictor of Wataire' current and future short interest. BUYINS.NET data helps estimate the point at which short sellers are likely to go out-of-the-money and start losing on both short and naked short trades. Based on historical data, BUYINS, estimates that a short squeeze is projected to begin when shares of WTAF close above $0.54. This smacks of desperation on the part of the company.

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