Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.086.
Approximately 196.8 Million Shares Shorted Since January 2005
According to Buyins.net Research Report
SEATTLE, WA -- (MARKET WIRE) -- November 16, 2006 -- Phantom®
Entertainment, Inc., (OTCBB: PHEI) announced today that BUYINS.NET,
www.buyins.net, is reiterating coverage of Phantom Entertainment,
Inc. (OTCBB: PHEI) after releasing the latest short sale data to
November 2006. From January 2005 to November 2006, approximately 2.6
billion total aggregate shares of PHEI have traded for a total dollar
value of nearly $219.4 million. The total aggregate number of shares
shorted in this time period is approximately 196.8 million shares.
The Total Short Interest reported on October 10th, 2006 is 28,954.
The PHEI SqueezeTrigger price of $0.086 is the volume weighted
average short price of all short selling in PHEI. The first of
several short squeezes is expected to begin when shares of PHEI close
above $0.005, where approximately 17 million shares of PHEI have been
shorted. To access SqueezeTrigger Prices ahead of potential short
squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 328,747,904 25,313,589 $0.007 $187,321
November 226,764,832 17,460,892 $0.005 $85,558
Total: 2,555,809,132 196,797,303 $0.086 $16,892,149
*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.
PHEI On OTCBB Naked Short Threshold List
On List Off List # Days
January 21, 2005 September 06, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12
October 19, 2006 November 13, 2006 18
Phantom Entertainment, Inc. has been on the OTCBB Naked Short
Threshold list 6 times. Brokerage firms have been out of compliance
with Regulation SHO twice. 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 Phantom Entertainment
Phantom Entertainment is an industry-leading global entertainment and
interactive game company. Phantom Entertainment has developed and is
marketing the Phantom Lapboard, a combination wireless keyboard,
laser mouse and hard surface. The Company is in the development of
the Phantom Game Service, anticipated to be the first end-to-end,
on-demand game service for delivery to the living room. For more
information, please visit http://www.phantom.net.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of
publicly traded US companies fight naked short selling. Naked short
selling is the illegal act of short selling a stock when no
affirmative determination has been made to locate shares of the stock
to hypothecate in connection with the short sale. Buyins.net has
built a proprietary database that uses Threshold list feeds from
NASDAQ, AMEX and NYSE to generate detailed and useful information to
combat the naked short selling problem. For the first time, actual
trade-by-trade data is available to the public that shows the
attempted size, actual size, price and average value of short sales
in stocks that have been shorted and naked shorted. This information
is valuable in determining the precise point at which short sellers
go out-of-the-money and start losing on their short and naked short
trades.
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.
Phantom Entertainment, Inc. has issued a combined total of 752,000
shares of IFLB and PHEI common stock for information provided in this
and other reports. The data service can be cancelled at any time.
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.
Please seek investment and/or trading advice, council, information or
services from a securities professional. You should consider these
factors in evaluating the forward-looking statements included herein,
and not place undue reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
BUYINS.NET undertakes no obligation to update such statements.
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:
pr@phantom.net
SOURCE: Phantom Entertainment, Inc.
