SOURCE: CoroWare, Inc.

CoroWare, Inc.

January 26, 2016 08:30 ET

CoroWare Retains BUYINS.NET to Surveil Market Makers and Short Sellers

BUYINS.NET Estimates That Over 8.75 Billion Total Shares Were Shorted Since August 2009

BELLEVUE, WA--(Marketwired - Jan 26, 2016) - CoroWare, Inc. (OTC PINK: COWI) announced that BUYINS.NET, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on CoroWare, Inc. (OTC PINK: COWI) after releasing the latest short sale data through January 25, 2016.

BUYINS.NET has assessed that the total aggregate split adjusted number of shares shorted since August 2009 is approximately 8.75 billion shares. BUYINS.NET has also estimated that 39.77% of daily trading volume is short selling, and that their SqueezeTrigger price for all COWI shares shorted is $.0005.

According to BUYINS.NET, a short squeeze is expected if and when the COWI stock price closes above the $.0005 SqueezeTrigger price.

Click here to view the BUYINS.NET Report: http://www.buyins.com/reports/cowi1-25-16.pdf

Click here for the BUYINS.NET SqueezeTrigger: http://www.buyins.com/images2/cowistr1-25-16.jpg

Click here for the BUYINS.NET Friction Factor: http://www.buyins.com/images2/cowiff1-25-16.jpg

Click here for detailed BUYINS.NET explanation: http://www.buyins.com/brochure.pdf

BUYINS.NET Friction Factor calculates if a fair market is being made in the shares of COWI.16% of the previous 38 trading days have been positive or bullish-biased and 84% have been negative or bearish-biased.

Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.

About Coroware, Inc.

Coroware, Inc., headquartered in Bellevue, Washington, is a diversified technology and solutions company with expertise in:

  • Business Consulting Services: R&D engineering services, business process workflow, software architecture, design and development, content management, console, PC and online game production, marketing coordination and management.
  • Robotics and Automation: Custom engineering such as visualization, simulation and software development, mobile robot platforms for university, government and corporate researchers.

CoroWare's customers are located in North America, Europe, Asia and the Middle East, spanning multiple industry sectors. CoroWare partners with universities, software and hardware product development companies and non-profit organizations. For more information, please visit www.coroware.com.

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

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