Message #24 From:
NewsBot Date: July 27, 2006 03:00:00 AM
CYOS News CYOP Systems International Inc. (CYOS) SqueezeTrigger Price is $0.039. Approximately 296.3 Million Shares Shorted Since January 2005 According to Buyins.net Research Report
LOS ANGELES--(BUSINESS WIRE)--July 27, 2006--CYOP Systems International Inc. (OTCBB:CYOS) announces that www.buyins.net is initiating coverage after releasing the latest short sale data to July 2006. From January 2005 to July 2006 approximately 3.8 billion total aggregate shares of CYOS have traded for a total dollar value of nearly $148.7 million. The total aggregate number of shares shorted in this time period is approximately 296.3 million shares.
According to July 10th Total Short Interest, there are 6,200 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, BUYINS.NET has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The CYOS SqueezeTrigger price of $0.039 is the volume weighted average short price of all short selling in CYOS. A short squeeze is expected to begin when shares of CYOS close above $0.039. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
CYOS On OTCBB Naked Short Threshold List
On List Off List # Days
January 31, 2005 February 23, 2005 17
March 23, 2005 April 19, 2005 19
CYOP Systems International Inc. has been on the OTCBB Naked Short Threshold list 2 times. Brokerage firms have been out of compliance with Regulation SHO twice. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About CYOP
CYOP is a developer and provider of ecommerce transactional solutions and services for the IGaming industry. The Company's range of products and services include financial transaction platforms for on-line casinos, online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. CYOP Systems International Inc. has paid $1,990.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming, risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition.
