Infinium Labs Inc. (IFLB) SqueezeTrigger Price is $0.14; Approximately 111 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report
SEATTLE, April 12 /PRNewswire-FirstCall/ -- BUYINS.NET, http://www.buyins.net/, is initiating coverage of Infinium Labs Inc. (Nachrichten) (BULLETIN BOARD: 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 http://www.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
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 700,000,000 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.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Infinium Labs Inc. has paid 157,000 shares of unrestricted IFLB common stock to Thomas Ronk, currently worth $2,985, to purchase 3 months of data for information provided in this and 2 additional reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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