Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, May 21, 2010
Thu, May 20, 2010 Atlantis Technology Group Submits Information to FINRA to Open an Investigation Regarding the Daily Short Volume
MIAMI, FL--(Marketwire - May 20, 2010) - Atlantis Technology Group (
From the SEC Rule that came into effect 60 days after February 24, 2010, "We are adopting a short sale-related circuit breaker that, if triggered, will impose a restriction on the prices at which securities may be sold short ('short sale price test' or 'short sale price test restriction'). Specifically, the Rule requires that a trading center establish, maintain, and enforce written policies and procedures reasonably designed to prevent the execution or display of a short sale order of a covered security at a price that is less than or equal to the current national best bid if the price of that covered security decreases by 10% or more from the covered security's closing price as determined by the listing market for the covered security as of the end of regular trading hours on the prior day."
The daily closing price, share short volume, and percentage loss for 9 days of trading from the FINRA Reg SHO daily list ([ http://regsho.finra.org/regsho-Index.html ]).
Short Total Percentage of Closing Percentage of Date Volume Volume Shares Shorted Price loss/gain 5/5/2010 25061821 47391865 53% 0.0011 10.000% 5/6/2010 18687333 43868324 43% 0.0009 -18.182% 5/7/2010 33954681 82886009 41% 0.0008 unch 5/10/2010 21037108 67974742 31% 0.0008 unch 5/11/2010 22655850 65127651 35% 0.0008 unch 5/12/2010 8847717 27353547 32% 0.0008 unch 5/13/2010 17675050 37983540 47% 0.0007 -12.500% 5/14/2010 26729385 43370423 62% 0.0006 -14.286% 5/17/2010 72494011 119701250 61% 0.0005 -16.667%
We are opening this investigation due to the fact that possible violations into the new SEC short selling rule have occurred. Investors might be scared into selling their shares while, quote from the SEC rule "potentially manipulative or abusive short selling," could be occurring.
About Atlantis Technology Group
Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation. [ http://www.atlantistechnologygroup.com ].
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking information. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. These statements are made to enable a better understanding of our business, but because these forward-looking statements are subject to many risks, uncertainties, future developments and changes over time, actual results may differ materially from those expressed or implied by such forward-looking statements. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions.
These forward-looking statements are based on the information that was currently available to us, and the expectations and assumptions that were deemed reasonable by us, at the time the statements were made. We do not undertake any obligation to update any forward-looking statements in this report or in any of our other communications, except as required by law, and all such forward-looking statements should be read as of the time the statements were made, and with the recognition that these forward-looking statements may not be complete or accurate at a later date.
