MESA, Ariz., Sept. 23, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today that BUYINS.NET released an independent report on September 22, 2010 highlighting the short position in B2 Digital stock. A portion of the press release issued by BUYINS.NET as well as links to their full report is reprinted below:
Sep 22, 2010 1:21:00 PM
2010 GlobeNewswire, Inc.
Approximately 136 Million Shares Shorted Since August 2009
Short Squeeze Expected Above $.009 SqueezeTrigger Price
NEWPORT BEACH, Calif., Sept. 22, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on B2Digital (Pink Sheets:BTDG) after releasing the latest short sale data through September 21, 2010. The total aggregate number of shares shorted since August 2009 is approximately 136 million. Approximately 27.86% of daily trading volume is short selling. The SqueezeTrigger price for all (Pink Sheets:BTDG) shares shorted is $.009. A short squeeze is expected when shares of BTDG close above $.009.
Click here to view Report: http://www.buyins.com/reports/btdg9-21-10.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/btdgstr9-21-10.jpg
Click here for Friction Factor: http://www.buyins.com/images/btdgff9-21-10.jpg
Friction Factor calculates if a fair market is being made in the shares of BTDG. 33% of the previous 27 trading days have been positive or bullish-biased and 67% 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 or 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.
BUYINS.NET monitors BTDG market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, and comparable valuations.
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.