BELLEVUE, WA--(NewMediaWire - Jan 26, 2016) - CoroWare, Inc. (OTC PINK: COWI) announced that BUYINS.NET, a leading
provider of Regulation SHO compliance monitoring, short sale
trading statistics and market integrity surveillance, has initiated
coverage on CoroWare, Inc. (OTC PINK: COWI) after releasing the latest short sale
data through January 25, 2016.
BUYINS.NET has assessed that the total aggregate split adjusted
number of shares shorted since August 2009 is approximately 8.75
billion shares. BUYINS.NET has also estimated that 39.77% of
daily trading volume is short selling, and that their
SqueezeTrigger price for all COWI shares shorted is $.0005.
According to BUYINS.NET, a short squeeze is expected if and when
the COWI stock price closes above the $.0005 SqueezeTrigger
price.
Click here to view the BUYINS.NET Report: http://www.buyins.com/reports/cowi1-25-16.pdf
Click here for the BUYINS.NET SqueezeTrigger: http://www.buyins.com/images2/cowistr1-25-16.jpg
Click here for the BUYINS.NET Friction Factor: http://www.buyins.com/images2/cowiff1-25-16.jpg
Click here for detailed BUYINS.NET explanation: http://www.buyins.com/brochure.pdf
BUYINS.NET Friction Factor calculates if a fair market is being
made in the shares of COWI.16% of the previous 38 trading days have
been positive or bullish-biased and 84% have been negative or
bearish-biased.
Regulation SHO requires bona-fide market-making activities to
include making purchases and sales in roughly comparable amounts.
The Commission has stated that bona-fide market-making DOES NOT
include activity that is related to speculative selling strategies
for investment purposes of the broker-dealer and is
disproportionate to the usual market making patterns or practices
of the broker-dealer in that security. Likewise, where a
market-maker posts continually at or near the best offer, but does
not also post at or near the best bid, the market-maker's
activities would not generally qualify as bona-fide market-making.
Moreover, a market-maker that continually executes short sales away
from its posted quotes would generally not be considered to be
engaging in bona-fide market-making.
About Coroware, Inc.
Coroware, Inc., headquartered in Bellevue, Washington, is a
diversified technology and solutions company with expertise in:
- Business Consulting Services: R&D engineering services,
business process workflow, software architecture, design and
development, content management, console, PC and online game
production, marketing coordination and management.
Robotics and Automation: Custom engineering such as visualization,
simulation and software development, mobile robot platforms for
university, government and corporate researchers.
CoroWare's customers are located in North America, Europe, Asia
and the Middle East, spanning multiple industry sectors. CoroWare
partners with universities, software and hardware product
development companies and non-profit organizations. For more
information, please visit www.coroware.com.
Forward-Looking Statement
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
smaller reporting companies, including without limitation, other
risks detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission.