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Press Release Source: Great West Gold, Inc.
Great West Gold, Inc. Continues to Monitor Short Selling
Tuesday May 9, 7:19 am ET
Great West Gold, Inc. (GWGOE) SqueezeTrigger Price is $0.00079
NEW YORK--(BUSINESS WIRE)--May 9, 2006--Approximately 2.21 billion Shares Shorted Since January 2005 According
To Buyins.net Research Report
Great West Gold, Inc. (OTCBB:GWGOE - News) confirms that BUYINS.NET, www.buyins.net, continues its coverage of Great West Gold, Inc. after releasing the latest short sale data through May 2006. From January 2005 to May 2006 approximately 28.73 billion total aggregate shares of GWGOE have traded for a total dollar value of nearly $22.7 million. The total aggregate number of shares shorted in this time period is approximately 2.21 billion shares. The GWGOE SqueezeTrigger price of $0.00079 is the volume weighted average short price of all short selling in GWGO. A short squeeze started when shares of GWGOE closed above $0.00079. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit www.buyins.net.
Month Total Vol Short Vol Avg. Price Short $ Val.
January '05 457,150,848 35,200,615 $0.0010 $35,201
February 1,151,325,440 88,652,059 $0.0006 $53,191
March 3,783,453,184 291,325,895 $0.0006 $174,796
April 557,730,240 42,945,228 $0.0007 $30,062
May 252,437,552 19,437,692 $0.0005 $9,719
June 329,216,768 25,349,691 $0.0007 $17,745
July 2,567,534,336 197,700,144 $0.0007 $138,390
August 958,548,032 73,808,198 $0.0005 $36,904
September 1,138,967,040 87,700,462 $0.0006 $52,620
October 820,497,536 63,178,310 $0.0008 $50,543
November 1,398,224,256 107,663,268 $0.0007 $75,364
December 1,779,495,296 137,021,138 $0.0005 $68,511
January '06 1,643,148,288 126,522,418 $0.0005 $63,261
February 3,752,025,344 288,905,951 $0.0005 $144,453
March 5,167,400,000 397,889,800 $0.0014 $557,045
April 2,673,000,000 205,821,000 $0.0011 $226,403
May 305,345,152 23,511,576 $0.0010 $23,511
Total: 28,735,499,312 2,212,633,445$0.00079 $1,757,719
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short volume is approximated using a proprietary algorithm.
average short price is calculated using a volume weighted average short price.
short volume is the total short trade volume and does not account for covers.
GWGO on OTCBB Naked Short Threshold List
On List Off List # Days
February 25, 2005 March 4, 2005 6
February 15, 2006 February 22, 2006 5
Great West Gold, Inc. has been on the OTCBB Naked Short Threshold list 2 times. 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 Great West Gold, Inc.
Great West Gold, Inc., a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States.
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. A third party has paid a $995.00 monthly data fee to Buyins.net for information used in creating this report and can cancel the monthly data fee at any time. A total of $3,980 has been paid for 4 reports. The third party, his/her firm and/or his/her family may own shares of GWGO. Great West Gold, Inc. has not paid for or influenced this report in any way. 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 release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Great West Gold, Inc.
Tel: +44 845 127 4051
investor@greatwestgold.com
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Source: Great West Gold, Inc.
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