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BUYINS.NET: ADTR, TEXG, WWNG Have Also Been On BUYINS.NET Naked Short
List For 13 Consecutive Trading Days
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:31122007
BUYINS.NET, www.buyins.net, announced today that these select companies
have been on the NASDAQ, AMEX and NYSE naked short threshold list for
13 consecutive trading days: Alliance Distributors Holding Inc. (OTC:
ADTR), Terax Energy Inc. (OTC: TEXG), WW Energy Inc. (OTC: WWNG). For a
complete list of companies on the naked short list please visit our web
site. To find the SqueezeTrigger Price before a short squeeze starts in
any stock, go to www.buyins.net.
Regulation SHO took effect January 3, 2005, and provides a new
regulatory framework governing short selling of securities. It was
designed with the objective of simplifying and modernizing short sale
regulation and providing controls where they are most needed. At the
conclusion of each settlement day, data is provided on securities in
which: 1) there are at least 10,000 shares in aggregate failed
deliveries for the security for five consecutive settlement days, and
2) these failures constitute at least 0.5% of the issuer's total shares
outstanding. Regulation SHO mandates that, if a clearing agent has had
a fail-to-deliver position for 13 consecutive settlement days, that
clearing agent, and the broker/dealer it clears for, must purchase
securities to close out its fail to deliver position.
Alliance Distributors Holding Inc. (OTC: ADTR) operates as a
distributor of video game consoles and peripherals, accessories, and
software for manufacturers and third party publishers in the video game
industry in the United States and Canada. The company primarily
distributes PlayStation 3 computer entertainment system or PlayStation
2 computer entertainment system, Play Station portable system, Xbox
360, and Zune systems; and Wii, Nintendo DS, Game Boy Advance, and
GameCube systems. Its accessories include controllers, memory cards,
network adaptors, component cables, rechargeable kits, and carrying
cases. The company sells its products to retail stores, including
independent retailers, regional electronics superstores, entertainment
specialty stores, video stores, online retailers, specialty toy
retailers, supermarkets, drug stores, department stores, and military
bases. Alliance Distributors was founded in 2003 and is headquartered
in Bronx, New York. With 49 million shares outstanding and 20,000
shares declared short as of November 2007, the failure to deliver in
shares of ADTR has not been resolved and a buy-in is imminent.
Terax Energy Inc. (OTC: TEXG) is an independent oil exploration and
production company. The company is focused on gas reserves located in
the Barnett Shale Formations. With 3.69 million shares outstanding and
46,600 shares declared short as of November 2007, the failure to
deliver in shares of TEXG has not been resolved and a buy-in is
imminent.
WW Energy Inc. (OTC: WWNG) through its subsidiaries, provides services
to the oil and gas industry. The company engages in the acquisition,
exploration, exploitation, and development of leases, and oil and gas
related assets. It has exploitation projects in Texas, Utah, and New
Mexico. The company also engages in transporting fresh production water
for oil drilling and exploration, and waste water for disposal. In
addition, it provides services for heavy hauling of drilling and well
equipment used in oil and gas production and exploration industry. The
company also operates in Colorado and Arizona. WW Energy was founded in
1999 and is based in Farmington, New Mexico. With 42.45 million shares
outstanding and 100 shares declared short as of November 2007, the
failure to deliver in shares of WWNG has not been resolved and a buy-in
is imminent.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of
publicly traded US companies fight naked short selling. Naked short
selling is the illegal act of short selling a stock when no affirmative
determination has been made to locate shares of the stock to
hypothecate in connection with the short sale. Buyins.net has built a
proprietary database that uses Threshold list feeds from NASDAQ, AMEX
and NYSE to generate detailed and useful information to combat the
naked short selling problem. For the first time, actual trade by trade
data is available to the public that shows the attempted size, actual
size, price and average value of short sales in stocks that have been
shorted and naked shorted. This information is valuable in determining
the precise point at which short sellers go out-of-the-money and start
losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and
publishes a proprietary SqueezeTrigger for each stock that has been
shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database
of nearly 1,700,000,000 short sale transactions goes back to January 1,
2005, and calculates the exact price at which the Total Short Interest
is short in each stock. This data was never before available prior to
January 1, 2005, because the Self Regulatory Organizations (primary
exchanges) guarded it aggressively. After the SEC passed Regulation
SHO, exchanges were forced to allow data processors like Buyins.net to
access the data.
The SqueezeTrigger database collects individual short trade data on
over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on
nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows
by approximately 50,000,000 short sale transactions and provides
investors with the knowledge necessary to time when to buy and sell
stocks with outstanding short positions. By tracking the size and price
of each month's short transactions, BUYINS.NET provides institutions,
traders, analysts, journalists and individual investors the exact price
point where short sellers start losing money.
All material herein was prepared by BUYINS.NET, based upon information
believed to be reliable. The information contained herein is not
guaranteed by BUYINS.NET to be accurate, and should not be considered
to be all-inclusive. The companies that are discussed in this opinion
have not approved the statements made in this opinion. This opinion
contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and
should not be construed as an offer or solicitation of an offer to buy
or sell securities. BUYINS.NET is not a licensed broker, broker dealer,
market maker, investment banker, investment advisor, analyst or
underwriter. Please consult a broker before purchasing or selling any
securities viewed on or mentioned herein. BUYINS.NET may receive
compensation in cash or shares from independent third parties or from
the companies mentioned.
BUYINS.NET affiliates, officers, directors and employees may also have
bought or may buy the shares discussed in this opinion and may profit
in the event those shares rise in value. Market commentary provided by
Thomas Ronk.
BUYINS.NET will not advise as to when it decides to sell and does not
and will not offer any opinion as to when others should sell; each
investor must make that decision based on his or her judgment of the
market.
This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should", "expected,"
"anticipates", "draft", "eventually" or "projected". You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results
to differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ
materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies'
annual report on Form 10-K or 10-KSB and other filings made by such
company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as
of the date hereof and BUYINS.NET undertakes no obligation to update
such statements.
CONTACT: Thomas Ronk, CEO, BUYINS.NET
Tel: +1 800 715 9999
e-mail: Tom@buyins.net
WWW: http://www.buyins.net
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright 2007 M2 Communications Ltd.
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