3DIntel releases The Naked Short Virus Scan(TM)
Austin, TX August 5, 2004 -- 3DIntel has unveiled a new patent pending routine, called The Naked Short Virus Scan, which enables US based public company’s to determine short position in their stock. The scan will identify in the size of short, date of occurrence, and the brokerage houses holding the short positions.
U.S. Securities & Exchange Commission regulations in the US prohibit the shorting of all but a relatively small number of stocks that are “marginable”, usually stocks that are traded on major stock exchanges. However, the practice of naked shorting OTC stocks by some broker-dealers has become a major factor in the falling price of some issues. Illegal shorting has been linked to various stock manipulation schemes, and the practice has come under increasing fire from ADP, DTC, CDS, the Berlin Exchange, as well as by various transfer agents.
3Dintel claims that its unique patent pending process, by triangulating data from public and proprietary soruces, can identify the share volume of illegal shorts, and identify the broker dealers originating these positions. Armed with this information, an issuer is enabled to pursue these nefarious actives in their shares. The details of the program are provided in a book published by 3DIntel, “Naked Short Selling: The Illegal Hacking of the U.S. Financial System” - By Alan Lomax.
For more information, contact 3DIntel at 512 465-9599, or visit http://www.thirtythumbs.com/
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