ERIE, PA--(Marketwired - Mar 13, 2014) - Fortitude CEO Thomas J. Parilla today announces that the company has entered into a six month contract with BuyIns.Net a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Fortitude Group (OTC: FRTD) after releasing the latest short sale data through March 12, 2014. The total aggregate number of shares shorted since January 2013 is approximately 244 million shares. Approximately 26.57% of daily trading volume is short selling. According to buyIns.Net the SqueezeTrigger price for all FRTD shares shorted is $0.0115, and a short squeeze has commenced as shares of FRTD closed above the $0.0115 SqueezeTrigger price.
Click here to view Report: http://www.buyins.com/reports/frtd3-12-14.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images2/frtdstr3-12-14.jpg
Click here for Friction Factor: http://www.buyins.com/images2/frtdff3-12-14.jpg
Click here for detailed explanation: http://www.buyins.com/brochure.pdf
Thomas J, Parilla stated "Buyins.net is led by Tom Ronk and his partner Harvey Pitt a Former SEC Chairman. Both Tom and Harvey spearheaded the passage of Regulation SHO that, if followed, helps safeguard public companies from these sorts of short selling issues. We undertook this action of engaging services of buyins.net for the protection of our shareholders, who deserve to have their investments safeguarded from this sort of market manipulation."
BUYINS.NET monitors public company market-makers for daily compliance with Fair Market-Making Requirements. They may be contacted at:
Fortitude Group, Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
Forward Looking Statements:
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.