• Approximately 9.44 Million Shares Shorted Since December 2010
• Short Squeeze Expected Above $.0199 SqueezeTrigger Price
NEWPORT BEACH, Calif., Aug. 22, 2012 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on NanoTech Entertainment (PINKSHEETS: NTEK) after releasing the latest short sale data through August 21, 2012. The total aggregate number of shares shorted since December 2010 is approximately 9.44 million shares. Approximately 22.36% of daily trading volume is short selling. The SqueezeTrigger price for all NTEK shares shorted is $.0199. A short squeeze is expected when shares of NTEK close above $.0199.
Click here to view Report: http://www.buyins.com/reports/ntek8-21-12.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/ntekstr8-21-12.jpg
Click here for Friction Factor: http://www.buyins.com/images/ntekff8-21-12.jpg
Friction Factor calculates if a fair market is being made in the shares of NTEK. 28% of the previous 25 days with trading have been positive or bullish-biased and 72% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors NTEK market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations.
About NanoTech Entertainment
Headquartered in Las Vegas, NV, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With three business units, focusing on Gaming, Media & IPTV and Mobile Apps, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
NanoTech Entertainment trades on OTC Pink, the open marketplace for a wide spectrum of equity securities. Investors can find real-time quotes and market information at www.otcmarkets.com.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. NTEK has paid $1,116 per month to purchase data to be provided in six monthly reports. NTEK has not approved the statements made in this release. Please visit our web site, http://www.buyins.net, for complete risks and disclosures.