Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

Free
Message: Share price?????
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Why a NOBO list is important to track???
During the month of September, American Way Business Development Corp. (OTC: AWYB) was the talk of the micro cap world. With only 2.8 million free trading shares in the public float of AWYB, and volume averaging nearly double or triple that daily on no change in share structure, investors speculated that there was potential for a massive naked short in AWYB stock. A non objecting beneficial ownership list that is due to be released by the company any day now should help provide some evidence that a naked short position exists. Once comparing the NOBO list from ADP to the current transfer agent list, the company will be able to determine if there is a share imbalance. The NOBO list is a non-objecting beneficial owners list that offers the names and share positions of the clients of banks and brokers who hold their positions in street name. In recent days, other companies have followed suit, including Silver Screen Studios Inc. (OTC: SSSU) and FSBO Media Holdings (OTC: FSMH) , each announcing that a NOBO list has been requested to determine if there is a significant failure to deliver position in their stock. The move clearly mimics American Way, which requested a NOBO list to determine short positions in the company's stock. While each company that has announced it requested a NOBO list has experienced substantial percentage gains in their share price, without the NOBO list, it is difficult to determine if short sellers are covering their position, or if the price is increasing purely based on sheer demand outweighing supply.
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply