ACII - AmeriChip International, Inc. Message Board

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Technology Stocks : ACII - AmeriChip International, Inc.

ACII 25.19

-0.2%

Nov 7 9:30 AM EST

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To: rhoshariasha who wrote (4235)	7/4/2007 6:14:24 AM
From: kezman1	Read Replies (1) of 4616

Here is an article from Jim Sinclair's web site (which I follow since I own PM stocks also) which addresses a case of naked shorting...so it definitely does exist.. Jim Sinclair’s Commentary Just in case you thought the talk about illegal shorts was hot air. Gemini Explorations Inc. Reports Illegal Naked Short Interest Position and Restates Total Number of Issued and Outstanding Shares Reduced to 32,500,000 2007-06-07 12:10 ET - News Release MIAMI, FL -- (MARKETWIRE) -- 06/07/07 Gemini Explorations Inc. ("Gemini") (OTCBB: GMXP) reports that after reviewing the company's stock with an independent analyst, there is an illegal naked short interest position of approximately 3.5 to 4 million shares in GMXP. This is in very sharp contrast to the OTCBB.com report showing the short interest to be 23,972 shares as of May 31, 2007. NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security. Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date. kezman

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