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Message: NR shorts naked

NR shorts naked

posted on Sep 22, 2009 08:21PM

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.

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