Make Your Move, Inc. announced that
its stock is now "certificate only" or "custody
only" meaning it cannot be short
sold.
To short sell a stock, an investor borrows
shares from a brokerage and sells
them to another buyer. Eventually the
short seller has to buy back the shares but
does so when the stock is lower so he can
pocket the difference between what he
sold it for and what he's buying it back
at.
The company now has 291,250 shares
eligible for trading and another 12.8 million
that are either restricted or under
voluntary lock up agreements with the
company.
Make Your Move is a Reno-based
game maker.
The company makes several board
games, including Doubles Chess,
Doubles Checkers and Doubles
Backgammon.
The company has plans to start making
games for games consoles such as
Xbox, Playstation and GameCube.
