that the only way this son of bitches can make money if by selling stock.
Frederick Reynolds and David Micek should be put in Jail.
I know for sure that Frederick Reynolds read the message board.
I am getting ready to suit Eagle Boradband managment with my lawyer.
Even though I know I won't get my money back I will really like to see somebody going to jail because the missleading news and hype of managment.
The only good thing about it is that bashers who bought around 0.25 0.30 like uppanddown are getting screw too.
BUYINS.NET: Naked Short Web Site announces 13 consecutive trading days of failures to deliver on EAG, MEA, IOTN
Wednesday, April 20, 2005 11:25 ET
Apr 20, 2005 (M2 PRESSWIRE via COMTEX) --BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days. Eagle Broadband Inc. (AMEX: EAG), Metalico Inc. (AMEX: MEA), Ionatron Inc. (NASDAQ: IOTN). For a complete list of companies on the naked short lists please visit our web site.
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. Regulation SHO 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.
Eagle Broadband (AMEX: EAG) is a leading provider of broadband, Internet Protocol (IP) and communications technology and services that create new revenue opportunities for broadband providers and enhance communications for government, military and enterprise customers. Eagle leverages years of proven experience delivering advanced, IP-based broadband bundled services to provide service provider partners with a way to deliver next generation entertainment, communications and security services to their subscribers. The company's product offerings include IPTVComplete(TM), the fastest, lowest cost way for broadband providers to deliver the most competitive IP video services, the Media Pro line of HDTV-ready IP set-top boxes that enable broadband providers and hotel operators to maximize revenues by delivering state-of-the-art, interactive entertainment services and the SatMAX(TM) satellite communications system that provides government, military, homeland security and enterprise customers with reliable, non-line-of-sight, voice and data communications from any location on Earth. With 223.2 million shares in the float and 5.19 million shares declared short as of March 8th, EAG has had a failure to deliver for 13 consecutive trading days and a buy-in is imminent.
Does this mean they have to buy shares?
All longs should put the sell orders above $1.00 AON, GTC, and call their brokers so people can't sell short EAG.