Bella, KAHI! For your reading pleasure:
Accumulation Quantities for KAHI from 10/29/98 through 01/07/00
110,447,497 shares accumulated from 10/29/98 to 01/07/00
Using the link: otcbb.com
Data was obtained from ACT reports. Information used to determine the current number of outstanding and float shares came from Kaire Holding's SEC filings. The S-8 filed on 10/15/99 registered 16.94 million additional shares. 11.56 million of those are restricted and therefore not part of the float. Prior to 10/15/99 the OS was 49.7 million and the float was 25 million. The 10QSB filed on 11/8/99 listed the total OS shares at 59,144,616. For the purpose of determining the MM industry wide short position, a float amount of 48,000,000 million shares and total Outstanding amount of 59,144,616 shares were used. The YesRX.com site lists the float as being 48,000,000 shares.
Total number of MM Sells/Inv. Buys = 18,037 trades.
Total number of MM Buys/Inv. Sells = 7,899 trades.
Number of MM Sells/Inv. Buys greater than or equal to 50K shares: 1,193 trades.
Number of MM Buys/Inv. Sells greater than or equal to 50K shares: 802 trades.
Number of MM Sells/Inv. Buys greater than or equal to 100K shares: 267 trades.
Number of MM Buys/Inv. Sells greater than or equal to 100K shares: 341 trades.
Total Volume less cancelled, declined, broken, and from T trades for the period 10/29/98 to 01/07/00 was 418,571,615 shares.
Vol. of MM Sells/Inv. Buys = 263,233,056 shares.
Vol. of MM Buys/Inv. Sells = 152,785,559 shares.
Vol. of MM Sells/Inv. Buys - Vol. of MM Buys/Inv. Sells = 110,447,497 shares.
This represents number of shares accumulated during the period 10/29/98 to 01/07/00.
MM Industry Wide Short Position = 110,447,497 - (float)48,000,000 = 62,447,497 shares.
MM Industry Wide Naked Short Position = 62,447,497 -(float)48,000,000 = 14,447,497 shares.
The float was assumed to now be 48,000,000 shares. KAHI is a non-marginable security and market makers under rule 3370 (b)(2)(B) do not have to make a positive determination that shares are available to borrow in order to sell to the public in their role as "Bona Fide" market makers. Therefore the total MM short position has most likely been sold in a fashion akin to naked shorting under NASD Rule 3370(b)(2)(B). It should be noted that there is no statutory or regulatory requirement compelling NASD member market maker firms to ever under any circumstances, except for changes in Depository Eligibility, to buy back shares of OTC BB non-marginable excessively sold securities that cannot be enumerated amongst the shares actually issued by the company and that have been sold to the investing public, as if covering a short position. Hence, the market makers are not actually short selling KAHI as they do not have to borrow shares, nor do they have to square away the positions generated by such sales. This means that accumulation data for OTC BB stocks is only a gauge of how popular the stock is with the investing/trading public and is not a reliable indicator of potential price appreciation.
nasdr.com (near bottom of page)
Dollar Value Amount of MM Sells/Inv. Buys = $28,829,562.27.
Dollar Value Amount of MM Buys/Inv. Sells = $16,751,968.34.
Ratios for one year period from 10/29/98 to 01/07/00.
(Vol. of MM sells/Inv. buys)/(Vol. of MM buys/Inv. sells) =1.723 to 1.
(Number of MM sells/Inv. buys)/(Number of MM buys/Inv. sells) = 2.283 to 1.
(Number of MM sells/Inv. buys) >= to 50K shares / (Number of MM buys/Inv. sells) >= to 50K shares = 1.488 to 1.
(Number of MM sells/Inv. buys) >= to 100K shares / (Number of MM buys/Inv. sells) >= to 100K shares = 0.783 to 1.
(Dollar Amount of MM Sells/Inv. Buys)/(Dollar Amount of MM Buys/Inv. Sells) = 1.721 to 1.
The float was assumed to be 48,000,000 shares and the total OS to be 59,144,616 shares.
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