BioCentric Energy Confirms Significant Short Position of Company's Common Stock
August 10 2009 - 1:31PM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the company has confirmed the significant short position in the
company's common stock.
A senior spokesperson for BioCentric energy today made the
announcement that the company has been under constant barrage by
several Market Makers who constantly and blatantly manipulate the
company's stock in the open market. Today the company's suspicions
were confirmed when NASDAQ OMX published the results on the short
list under the regulation SHO Threshold Security List.
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
The company will today be talking with securities council
regarding the pursuit of civil action against the Market Makers in
question for stock manipulation with the intent of issuing
subpoena's for their trading records of BioCentric Energy stock. In
addition the company plans to diligently file complaints with the
regulatory authorities to accelerate the enforcement of the Market
Makers illegal actions. The result of such actions causes untold
financial damage to both the company and shareholders alike.
RELEVANT LINKS & ARTICLES
SEC Emergency Short Sale Order
The Securities and Exchange Commission has issued new rules on
short selling of financial companies. In effort to provide constant
updates of those rules, NASDAQ has posted two lists of Included
Financial Firms:
-- Companies selected from Appendix A to the Emergency Order
-- Additional companies that also meet the criteria, but that were not
included in Appendix A to the Emergency Order.
Current and Historical lists can be found at
http://www.nasdaqtrader.com/Trader.aspx?id=trader_sec_shortsale.
As announced in RA #2008-027, the Securities and Exchange
Commission (SEC) issued further guidance to protect investors
against "naked" short selling:
The SEC is "extending temporary Rule 204(a)'s close-out
requirement for fails to deliver attributable to bona fide market
making activities by registered market makers, options market
makers, or other market makers obligated to quote in the
over-the-counter market (collectively, "Market Makers")."
REG SHO Overview
As defined in Rule 203(c)(6) of Regulation SHO, a "threshold
security" is any equity security of any issuer that is registered
under Section 12 of the Exchange Act, or that is required to file
reports under Section 15(d) of the Exchange Act (commonly referred
to as reporting securities), where, for five consecutive settlement
days:
-- There are aggregate fails to deliver at a registered clearing agency
of 10,000 shares or more per security;
-- The level of fails is equal to at least one-half of one percent of the
issuer's total shares outstanding; and
-- The security is included on a list published by a self-regulatory
organization (SRO).
A security ceases to be a threshold security if it does not
exceed the specified level of fails for five consecutive settlement
days.
The Securities and Exchange Commission (SEC) has amended
Regulation SHO to eliminate the "grandfather provision" effective
October 15, 2007. Please refer to Regulatory Alert #2007-086 for
complete details.
Relevant Links
www.biocentricenergy.com
www.biocentricenergyalgae.com
Biocentric Energy Holdings, Inc. is dedicated to the development
of new technologies as well as acquiring and fostering companies
with innovative technologies designed to provide unique and
effective green energy solutions for the 21st century. Along with
the cultivation of important relationships and partnerships with
synergistic entities, BioCentric Energy has devoted substantial
time and effort in research and development in order to bring a
range of innovative green alternatives to the marketplace
Safe Harbor Statement: This release includes forward-looking
statements intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified
by phrases such as BEHL or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. Similarly, statements herein that
describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
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Dale Baeten BioCentric Investor Relations: Office:
920-273-7941
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