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Bederra Corporation Announces Stock Buyback AgreementHOUSTON, TX--(Marketwire - February 24, 2010) - Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas-based diversified medical services provider, has announced that the Board of Directors met to confirm a buyback of the Company's issued and outstanding common stock and to approve the financing of the company's buyback program. The Board confirmed that the buyback is in the best interests of increased shareholder value and for the enhanced efficacy of pending and future mergers and acquisitions relative to the company's common stock price per share. The Board also specifically noted that the company's appearance on the Regulation SHO data in recent months as further cause for such a proactive measure from management.

The company will initiate a common share buyback program using a percentage of both future revenues and financing options to purchase up to 50 percent of its outstanding "public float" -- the free trading share component of the total shares issued and outstanding. Management noted that financing is being arranged through private investors.

As stated in a previous press release, the company believes that despite marked progress in liquidity, visibility and price per share in recent months, the current share price is still undervalued rendering mergers and acquisitions more difficult. With pending acquisition negotiations ongoing, management stated that its direct action to enhance shareholder value is critical to future growth and so in the best interest of shareholders and the company.

About Bederra Corp.
Bederra Corporation
Bederra Corporation provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence




BEDA~Over 2 Billion Naked Short Shares Officially Confirmed…

With what you are about to read about BEDA, it is fact not fiction. If anyone has an issue with what I am about to post, please consider taking the issue up with two of the market’s primary regulatory authorities… FINRA and the SEC… since they are the governing authorities for the ”official” data provided.

The next thing to consider is that BEDA has some business objectives they are trying to achieve for growth, but let’s come back to talk about them a little later within this post after you review the below spreadsheets of the data compiled that confirms that BEDA has been naked shorted by over 2 billion shares. This issue I’m about to explain has now moved to the forefront as it was not my original reason for buying BEDA. So, let’s discuss as this is very very huge.

BEDA ”officially” has been ”naked shorted” a total of 2,022,711,713 shares. The links below to confirm this are ”official” links of data that are provided by FINRA. Under the section towards the end of the links below from FINRA is a section titled ORF. It reflects the by month listings with the amount of BEDA shares shorted (naked shorted) out of the total volume for that day which can be accessed from the top of each page. The daily data has to be totaled manually as the data is not cumulative to derive a total amount of shares shorted (naked shorted).

Below are the spreadsheets with each applicable link corresponding to each month for the applicable 4 months of naked shorting involved for your review; Dec 2009 to Mar 2010 reflecting the 52 consecutive trading days that BEDA has been on the Reg SHO List:

BEDA Naked Short Shares for Mar 2010
March 2010 Reg SHO Daily Files


BEDA Naked Short Shares for Feb 2010
February 2010 Reg SHO Daily Files


BEDA Naked Short Shares for Jan 2010
January 2010 Reg SHO Daily Files


BEDA Naked Short Shares for Dec 2009
December 2009 Reg SHO Daily Files


If one were to total the column titled ”Short Volume” from the spreadsheet data above, it will give you a total amount of 2,022,711,713 shares shorted. The thing to keep in mind is that the term ”short” is used synonymously to mean ”naked short” when dealing with the data provided which could be further verified from the Reg SHO info below which is also something else very important to note.

BEDA has been on the Reg SHO List for 52 consecutive trading days. There is a total of 2,022,711,713 shares that have been naked shorted out of the total volume of 4,180,937,492 shares as of close of business/market Monday, 1 Mar 2010. Again, this is fact and not fiction as compiled from the official data above provided by FINRA and indicated below:
Regulation SHO Threshold Security List


According to the SEC, the Market Makers (MMs) have 35 days to cover as indicated below:
SEC Eliminates Regulation SHO Grandfather Provision

According to the Reg SHO and Buyins.net report, so far, BEDA has been listed on the Reg SHO list for 52 consecutive trading days and is listed on the “Imminent Buyin” list:
http://www.regsho.com/tools/short_list.php?dys=>12
BUYINS.NET

The SEC has also approved and is implementing ”Short Selling Restrictions” as indicated below to help combat this issue:
Press Release: SEC Approves Short Selling Restrictions; 2010-26; Feb. 24, 2010

Something the company is doing to help combat and force a positive remedy for this situation for BEDA shareholders can be read in the PR below which states that they are in the process of confirming funding from a Private Investor to contribute towards the company buying back 50% of their Float as indicated below:
Bederra Corporation Announces Stock Buyback Agreement - Yahoo! Finance

The company has not had a share structure change in well over a month. The Transfer Agent (TA) for BEDA is ungagged. Their TA is Transfer Agent First National Trust Company and can be reached at 713 985-9624 or 713 579-0661 to verify the official share structure below of which has remained unchanged:
Bederra Corporation Reports Current Share Structure - Yahoo! Finance

The company PR-ed above to confirm that the share structure is as indicated below:

Authorized Shares: 5,000,000,000
Issued Shares: 1,358,759,973
Float: 404,827,453
Restricted: 954,932,520

The Float is 404,827,453 shares. After the company buys back 50% of the Float, the Float will be 202,413,727 shares. Here’s where some issues exist.

Issue #1
Since BEDA has been naked shorted a total of 2,022,711,713 shares and is still on the Reg SHO List, this means that not only have the already 404,827,453 shares in the Float have been sold to retail investors of which are still holding, but 2,022,711,713 shares have been naked shorted in being sold to retail investors and purchased above the already 404,827,453 shares that have been exhausted. The Float is beyond gone and has been for 52 consecutive trading days. Since BEDA has been on the Reg SHO List for 52 consecutive trading days, that means that a covering has never taken place which means that the naked short has been cumulative and will be cumulative until a covering transpires taking the deficit back to ground zero or close enough to start the count over. This is the day that we would not see BEDA on the Reg SHO List, but as of today it still remains on the list. A mandatory covering has to take place.

Issue #2
BEDA has been on the Reg SHO List for 52 consecutive trading days. According to the SEC, the MMs have 35 days before a forced buy-in has to happen to cover the naked shorted position. We are 17 days here in BEDA overdue. A mandatory covering has to take place.

Issue #3
From the PR below, one of their acquisitions will bring in $3 to $4 million in Revenues:
Bederra Corporation Announces Shareholder Update and Vision for 2010 - Yahoo! Finance

As for another acquisition under consideration that generates over $10 million in Revenues, read below:
http://************.advfn.com/boards...ge_id=46639701
http://************.advfn.com/boards...ge_id=46642624
http://************.advfn.com/boards...ge_id=46727721

The company apparently is planning on buying back shares at much higher prices as they have mentioned that they will be using some of the Revenues generated from their acquisitions to buy back shares. I am confident that the company has no problem in buying back shares at much higher prices because they know that further acquisitions to add significant value will be added after the shares they buy back. The shares they buyback will look like shares bought at a premium to some investors while they will always be considered shares bought at a discount to the company. Either way, they are buying back shares for a specific purpose of growth to support the future of the company to confirm that they believe in the future continued growth of their company. This means that the price of the stock at the time of the buyback does and will not ever matter.

Posted by: Z-Man15 Date: Saturday, March 06, 2010 2:20:06 AM
In reply to: goldwingeurope who wrote msg# 21835 Post # of 21847

Thats also with 3 other things... (1) Merger, (2) Accusation of Texas Mobile Health, and (3) Naked Short Sellers Covering.

GLTA!

Confirmation from FINRA on BEDA 2 Billion Short Position…

Before moving forward to read the FINRA confirmation within this post, the post within the link below should be read to understand why I believe, through logical deduction, that BEDA could very well have a short (naked short) position well over 2 billion shares:
http://************.advfn.com/boards...ge_id=47269722

After that post was made, I spoke to one of the Managers from the Market Regulation Department from FINRA at 301-590-6500. Her name is Jocelyn Mellow. It was a very interesting conversation that enlightened me on a few things. She is in charge of the department that deals with tracking the volume from short selling. Now this person was responsible for the information regarding the “short volume” generated from the daily tapes of trade data they receive from the DTC. I say ”short volume” because it’s a difference from what I have learned from her between ”short interest” and ”short volume” data. Both also have their own department within the Market Regulation section of FINRA. I have learned that the ”short interest” tapes for volume are not as completed or full as the tapes for the ”short volume.” I didn’t feel the need to go into any details about the differences as such was not my primary reason for calling.

The first thing I asked her was… Is there any way they could track when a covering takes place from the ”short volume” reported from the FINRA Index of data? She told me that there is no way for them to do such. She said that there is no code or anything that would allow for such tracking of when a cover to takes place or how much of a covering has taken place. She stated that a covering could take place within that same trading date or during the 3 day settlement period.

I think you all know where I was going next with this conversation. I had her focus our discussion on the FINRA Index for ”short volume” data that I have in my post above. My next question was… Are the final numbers reported for the “short volume” the final end result numbers after any and all covering that could have taken place for that day had finally transpired? She told me yes, that is correct. She told me that the amount of shares at the end of the days tape are the result of shares shorted after any kind of covering that could have transpired for that day. Those are bottom line numbers for the day.

So I now asked her… So shouldn’t those numbers representing the “short volume” be cumulative and added daily to reflect the total amount of “short volume” that’s ongoing for a stock? She told me no because a covering could have taken place that day or anytime with the 3 day settlement time frame.

So now I asked her… Have you heard of and are familiar with Regulation SHO? She said yes. She then made a few comments about it and how it works which convinced me that she understood Regulation SHO and what it is all about very well.

Then I asked her… So if a stock has ”short volume” that reported on your FINRA Index of data, but is still on the Regulation SHO List and have been for well over 50+ consecutive trading days, isn’t that’s proof that a covering never had taken place or the count for the number of shares shorted would have been reset back to zero removing the stock from the Regulation SHO List? She said hmmmmm? You have a point. That is true. Since that stock is still on the Regulation SHO List, apparently, a covering had never taken place during that current day of trading or during that related 3 day settlement period or the covering would have removed that stock from the Regulation SHO List.

So I then asked her… So, that makes the “short volume” for that stock to be cumulative in nature on a daily basis until a covering takes place which would be indicative whenever that stock is finally removed from the Regulation SHO List? She said yes, that is true. She said that the number of shares shorted combined with the stock still being on the Regulation SHO List shows evidence that a covering must have never taken place for that day so the ”short volume” continues to grow. This means that there are still ”Failure to Delivers” existing that must be covered. This would mean that the short from the previous day would be in addition to the next day’s short to make the ”short volume” cumulative. Let me further explain this for more clarity in an example that I think might help to better understand…

Example: Imagine on Day 1 the total volume for the day was 2,000,000 shares with 1,000,000 out of the 2,000,000 shares being considered shorted shares. Now imagine that it was you who bought those 1,000,000 shares that were shorted. It would be reflected as ”short volume” within the FINRA Index for that day.

Now imagine that on Day 2 the volume for the day was 4,000,000 shares with 2,000,000 out of the 4,000,000 shares being considered shorted shares. Now imagine that it was your best friend who bought those 2,000,000 shares that were shorted. It would be reflected as ”short volume” within the FINRA Index for the next day.

That’s a total number of ”volume” for Day 1 and Day 2 = 6,000,000 shares

That’s a total number of ”short volume” for Day 1 and Day 2 = 3,000,000 shares

If this was a stock ”NOT” on the Reg SHO List, then there is a chance that the 3,000,000 shares could have been covered between that day or during the 3 day settlement period from the volume difference between the 6,000,000 minus the 3,000,000 shares. That’s a difference of 3,000,000 shares between the total volume and short volume where a covering could have taken place between those shares. If this was a stock ”NOT” on the Reg SHO List, then it would be safe to presume that a covering has transpired from the example explained above. The data should ”not” be considered cumulative if such was the case.

However, given that same example above and with using those same numbers, consider now that the stock is actually on the Reg SHO List. This means that as of Day 1, a covering never transpired to get the deficit for the share count back down to zero. So as in the example above, picture you still holding the 1,000,000 shares short in your account that you bought from Day 1.

Now imagine your friend holding their 2,000,000 shares short in their account from Day 2. Since a break in the stock being on the Reg SHO List ”did not occur” between Day 1 and Day 2 from this now established consecutive trading pattern of days shorted, those 1,000,000 total shares short from Day 1 would have in addition the 2,000,000 shares short from Day 2 creating a new established cumulative ”short volume” number of 3,000,000 shares. Even if you sell your 1,000,000 shares, any new buying volume replaces your position within the short volume data and fall in place with the newly additionally short shares as indicative from the bottom line number of short shares reported for that day. So now that bottom line is added to the past consecutive trading days of ”short volume” for BEDA.

Again, bottom line, any kind of ”covering” that could have happened, the ”short volume” number that’s reflected for the end of the day is the amount of shares short after all covering for that day has been done. With BEDA being on the Reg SHO List for 56 consecutive trading days, this means that a covering could not have taken place or it would have been reflected by BEDA being removed from the Reg SHO List. This means that each day’s ”short volume” should be totaled to derive a cumulative number of short shares existing needing to be covered until BEDA is removed from the Reg SHO List indicating that a covering has taken place.

Ok… our conversation continued and here’s where some things started to get tricky. She then told me during our conversation that the shares that have not been covered is a mixture of ”short” and ”naked short” shares and that there is no way she could give me a cumulative breakdown of what was what. She then stated that ”eventually every short and naked short position has to be covered.” These are all known as ”Failure to Delivers.”

Some other things she mentioned that I thought was interesting were… (a) usually most or all of the volume is reported on the tapes, but there is volume not reported to the tape; (b) the same shares can be shorted multiple times; (c)naked shorting is illegal, but there is no rule stopping pink sheets or penny stocks from being ”shorted” against as it is up to the rules of that brokerage company to allow shorting of a penny stock although most don’t because it is too risky; (d) Market Makers (MMs) generally don’t want to hold their naked short positions because they don’t want to expose themselves to the risk because it costs too much for them to cover if the stock starts going up. Sometimes, the MMs do get caught needing to cover, but such is not what’s desired.

All of the above were some very interesting things, but the issue here with BEDA is not resolved as it is still on the Reg SHO List and has been for now 56 consecutive trading days. When I spoke to the manager at the FINRA Market Regulation section, I did not come at her in terms of speaking about BEDA. I kept the conversation neutral and asked my questions in generic form. Let’s revisit the new updated total of BEDA shares ”shorted and naked shorted” as some of the data below will look a little familiar from my earlier post even after reviewing the updated spreadsheets below.

BEDA Short/Naked Short Shares for Mar 2010
March 2010 Reg SHO Daily Files

Bederra Corporation Issues PR Clarification and Addresses Stock Performance

HOUSTON, TX -- (Marketwire)
03/09/10
Bederra Corporation (PINKSHEETS: BEDA), a

Houston, Texas based diversified medical services provider, issued the

following announcement as clarification regarding the press release dated

February 26, 2010 with the headline "Bederra Corporation Re-Emerges On

Newly Implemented Uptick Light Rule." Management stated that the press

release was not issued, authorized or otherwise approved by management

previous to its dissemination at Hot Penny Stocks, Penny Stock Picks & Undervalued Stocks | TMF. Management

desired to clarify that it has not engaged or otherwise compensated

themarketfinancial.com or its principals or agents for any research

reports, coverage, and promotion or press release dissemination.

Furthermore, the company had no knowledge of the press release prior to its

dissemination.

Management further stated that it is not surprised by such coverage of

"short volume" and "short interest" by research groups who search for

companies on FINRA's REG SHO list. Such analysts use technical analysis and

short volume data to ascertain what they believe will be a "squeeze trigger

price" per share that will trigger a "buy in" of a company's shares

whereupon large short and or naked short sale positions are finally covered

resulting in a substantial spike in the price per share on increased

liquidity. Bederra management reiterated that it is very concerned about

the company's continued presence on the REG SHO list and believes that such

a buy-in is imminent, if not underway already, as evidenced by the

company's greatly increased liquidity and enhanced price per share in

recent trading sessions. The company is weighing the short and long-term

effects of any short and/or naked short sales on the company's price per

share and its impact on shareholder value and the company's previously

announced buy back and vice versa. "While short sales have their place in

legitimate market practices, naked short sales are effectively the

introduction of counterfeited shares into the market place by unscrupulous

individuals and institutions, threatening the foundation of our financial

market places and undermining long term shareholder value."

In an effort to maintain ongoing transparency with shareholders and to

clarify what action(s) may be necessary to deter any naked short sales of

Bederra common stock, the company has initiated its own investigation into

the purported activity. The company has also been in contact with

regulatory officials in order to better understand publicly available

information, and celebrates the February 24th SEC adoption of Rule 201, the

alternative "Uptick Rule" designed to restrict destructive short selling:

(Press Release: SEC Approves Short Selling Restrictions; 2010-26; Feb. 24, 2010). Based on the daily

trading data from FINRA, it appears that the company has been on the REGSHO

list for 56 consecutive trading days and that the company has had

2,154,800,548 shares "fail to deliver" (i.e. fail to be covered) from 14

Dec 2009 through the close of business 2 Mar 2010. As of this point

regulators and management alike have no way to precisely quantify the

amount of cumulative shares that remain to be covered. However, the short

volume for individual months can be viewed on FINRA's website at the

following links:

March 2010 Reg SHO Daily Files

February 2010 Reg SHO Daily Files

January 2010 Reg SHO Daily Files

December 2009 Reg SHO Daily Files

Furthermore, management stated that regarding the company's recently

announced share buy back program, the company reports that it has obtained

financing from private investors to go forward with the purchase of shares.

The company will initiate a common share buy back program using a

percentage of both future revenues and financing options to purchase up to

50 percent of its outstanding "public float" -- the free trading share

component of the total shares issued and outstanding.

About Bederra Corp.

Bederra Corporation

Bederra Corporation provides multiple modality diagnostic medical imaging

services to the greater Houston area and the world famous Texas Medical

Center. The Company's business strategy is to continue to expand its

current operations and seek out additional acquisitions that will

complement its core offerings.

Under The Private Securities Litigation Reform Act of 1995: The statements

in the press release that relate to the company's expectations with regard

to the future impact on the company's results from new products and

services in development, including any planned acquisitions, are

forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. The results anticipated by any or all of

these

forward-looking statements might not occur. The Company undertakes no

obligation to publicly release the result of any revisions to these

forward-looking statements that may be made to reflect events or

circumstances after the date hereof, or to reflect the occurrence of

unanticipated events or changes in the Company's plans or expectations.


Contact:

Bederra Corp.

Email Contact

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