BAAR, SWITZERLAND, September 22nd, 2009.
Shares of Manas Petroleum Corp. (OTC:MNAP) have been shorted "naked", which involves selling a stock short but without the usual step of initially borrowing or locating the shares. As the shorted shares were not obtained within the required time frame it resulted in a "fail to deliver".
This is an illegal practice. We have informed on Friday Sept 18th the market regulation department of the SEC and the FINRA. We do not expect a report of these regulators until such issue is resolved.