This is truly a trip especially after yesterday’s story about IIJI:
Press ReleaseSource: Internet Initiative Japan Inc.
IIJ Announces Expected Termination of Offering in Japan and Withdrawal of Proposed Japanese Listing
Friday June 17, 6:20 am ETTOKYO–(BUSINESS WIRE)–June 17, 2005–Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI) today announced that as of the closing of the subscription period for its initial public share offering in Japan today, fewer than 300 prospective new investors had submitted purchase orders. As a consequence, IIJ will not be able to fulfill the listing requirements of the Mothers market of the Tokyo Stock Exchange and will therefore be unable to satisfy the conditions to closing of this offering as set forth in the underwriting agreement relating thereto. IIJ expects to terminate this offering and withdraw its listing application early next week. IIJ will seek a domestic listing in Japan at a future date.
Any shares sold in connection with the proposed offering have not been and will not be registered under the U.S. Securities Exchange Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
Just when you think you’ve seen it all… Too bad there are no shares available to short. 
