Here's how one company is handling the naked shorts
posted on
Oct 01, 2010 10:05AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
For Immediate ReleaseBM-10-162
Barker Hires STP Advisory Services to Review Trading and Settlement Data in Regards to Failures to Deliver (Naked Shorting) as part of Pro Long Campaign
Prince George, B.C., October 1, 2010 – Barker Minerals Ltd. (“BML” on TSX/V) (the “Company”) reports that in conjunction with its Pro Long Campaign has recently contracted Susanne Trimbath, Ph.D. of STP Advisory Services, LLC (STP) to provide, through a review of data and documents an independent expert opinion to determine if the Company’s stock is the subject of a range of manipulative market activities. STP’s review specifically examines “failures to deliver” (FTD’s), commonly referred to as “naked short selling.” Upon the receipt and review of the STP final report, which is imminent, Barker will provide a summary of the results of the independent review in a follow up news release.
Dr. Trimbath is a former operations manager for depository trust and clearing corporations in San Francisco and New York. Since 2003, STP has provided support, primarily in securities litigation, to law firms, investors, companies and regulators. STP services can be viewed on the following link: http://www.stpadvisors.com/litigation.html For details of Dr. Trimbath’s background in litigation support Click here
Susanne Trimbath, Ph.D.is CEO and Chief Economist of STP Advisory Services. Dr. Trimbath’s credits include appearances on national television and radio programs (CNBC’s Power Lunch and NPR’s Marketplace) and the Emmy® Award nominated Bloomberg report Phantom Shares. Trimbath’s articles appear in the national publications US Banker, The International Economy, The American Enterprise, and The Mergers & Acquisitions Advisor.
Dr. Trimbath was formerly Senior Research Economist at the Milken Institute and Senior Advisor on the Russian capital markets project for KPMG. Dr. Trimbath taught at both the University of Southern California’s Marshall School of Business and New YorkUniversity’s Department of Economics. She gained 20 years experience in financial services operations at Depository Trust Company in New York, Pacific Depository Trust and Clearing Corporations in San Francisco and the Federal Reserve Bank of San Francisco.
About Barker Minerals
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets.
Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE VISIT OUR WEBSITE www.barkerminerals.com OR CONTACT EITHER:
Louis E. DoyleRobert H. Kuhl
Tel: (250) 563-8752Tel: (604) 321-0709
Fax: (250) 563-8751Fax: (604) 321-0719