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Post by barefoot on Jun 20, 2006 19:15:48 GMT -5
Summus Works, Inc. on BuyIns.net Report Analysis, ``VVV Initiative: Value'' TUESDAY, JUNE 20, 2006 8:55 AM - BusinessWire
SMMW 0.0001 -0.0001 Enter Symbol: Enter Keyword: DENVER, Jun 20, 2006 (BUSINESS WIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) management released a statement today referencing Buyins.net's recently reported increase in the short selling of the Company's stock in the months of May and June: "The Company will resolutely maintain its concerted efforts to enhance shareholder value according to plan and without repose until the market value better reflects the prospects and merits of Summus Works and its subsidiaries."
The "SqueezeTrigger" report released Thursday, June 15 utilizes Buyins.net's proprietary algorithm to indicate an expected "short squeeze" to begin when shares of SMMW close above $0.00017.
"Short selling may have its place in fair market practices. We believe that our unfaltering course of action will prevail, and prevent the potential for abusive short selling that unfortunately occurs in the market place. Of this we are confident," said Summus Works President, Dan Burgess.
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Post by barefoot on Jun 20, 2006 19:22:14 GMT -5
Oop's posted in the wrong spot, but can somebody tell me the advantage of shorting a stock that constantly stays at .0001. I'm just a little bewildered.
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