BEDA - Great Booster News $$$$ Bederra Corporation Announces Stock Buyback AgreementH

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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

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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:
Bederra Corporation (BEDA): <b>BEDA~Over 2 Billion Naked Short Shares Officially Confirmed? </b>

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.