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BUYINS.NET: BSGC, HCIIW, DPFD, FESVF, TRDFF Have Also Been Removed From Naked Short List Today
Oct 21, 2008 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: BigString Corporation (OTCBB: BSGC), Homeowners Choice, Inc. (NASDAQ: HCIIW), Deep Field Technologies Inc. (OTC: DPFD), Flint Energy Services Ltd Flint Energy Services Ltd (OTC: FESVF), Traderfied Media N.V. New York Registry (OTC: TRDFF). 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.
BigString Corporation (OTCBB: BSGC) through its subsidiary, BigString Interactive, Inc., provides email services. It offers BigString, a Web-based, POP3 server email service solution that allows the user to edit, recall, cancel, and erase the email, as well as insert or delete attachments, even after the email has been sent out and opened. The company also provides BigString 3.0, which offers erasable, recallable, and self destroying applications, non-printable and non-forwardable emails, set time or number of views, and masquerading to protect the sender's privacy and security. BigString 3.0 also provides spam filters, virus protection, and large-storage Web-based email accounts. Its products include BigString Free, which provides the features of BigString Version 3.0, and includes unlimited GB of email storage and permits the user to send unlimited emails per month; BigString Premium that offers the features of the BigString Free account, plus vanity domains, POP3 access using any email client, and 30 minute video email; and BigString Business, which provides the features of the BigString Premium account, plus 10 email accounts, global filter notification, and email management. The company's products also comprise BigString Mobile that offers access to a user's email account from the iPhone and next-generation wireless devices; BigString Marketer SMB, a hosted video email marketing platform; BigString Marketer Pro, which provides an enterprise marketing software application; BigString Co-branded provides BigString's hosted email platform as a value-added service for their members; BigString Private Label; BigString Email Hosting; BigString Exploding Messages and Pictures offers social networking members integrated self-destructing messaging applications; and BigString Exploding Video offers social networking members integrated self-destructing video applications. The company, formerly known as Recall Mail Corporation, was founded in 2003 and is based in Red Bank, New Jersey. With 52.24 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of BSGC. According to quarterly data provided by the SEC, there were still 1,382,208 shares of BSGC that were failing-to-deliver as of December 19, 2007.
Homeowners Choice, Inc. (NASDAQ: HCIIW) and its subsidiaries engage in insurance business in Florida. The company primarily provides property and casualty homeowners' insurance, condominium-owners' insurance, and tenants' insurance to individuals owning property. It offers its products through a network of approximately 1,300 independent agents. The company was founded in 2006 and is based in Port St. Lucie, Florida. With an undisclosed short position, there is no longer a failure to deliver in shares of HCIIW.
Deep Field Technologies Inc. (OTC: DPFD) engages in painting and repairing automobiles, and the sale of automotive parts, accessories, and supplies in the People's Republic of China. It also operates as an auto insurance agent. As of December 31, 2006, Deep Field operated 12 automotive repair centers in Beijing. The company was founded in 2005 and is headquartered in Beijing, the People's Republic of China. With 113.60 million shares outstanding and 100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of DPFD. According to quarterly data provided by the SEC, there were still 2,748,089 shares of DPFD that were failing-to-deliver as of May 14, 2008.
Flint Energy Services Ltd Flint Energy Services Ltd (OTC: FESVF) provides integrated midstream production services to oil and natural gas producers in western Canada, and the southern and Rocky Mountain regions of the United States. It operates in four segments: Production Services, Facility Infrastructure, Oilfield Transportation, and Tubular Management and Manufacturing. The Production Services segment offers a range of mid-stream field production services to oil and gas companies in Canada and the United States. Its services include well tie-ins; small diameter pipeline for gathering and transmission lines; mid-inch pipeline construction; field facility construction, including mechanical, electrical, and instrumentation services; field maintenance, shutdown, and turnaround services; fluid hauling, and pressure and vacuum services; and safety services, as well as road and pad construction services. The Facility Infrastructure segment provides construction services, including project management, fabrication and installation of oil sands and heavy oil processing plants, and the assembly of oil and natural gas process piping and equipment in Canada. The Oilfield Transportation segment offers drilling rig moving, service rig moving, and oilfield equipment hauling services for conventional oil and gas well drilling in western Canada. It maintains a fleet of approximately 350 rig moving tractors and approximately 875 trailers for rig moving and equipment hauling. The Tubular Management and Manufacturing segment provides tubular management services, including pipe storage, drill pipe and production tubing inspection, and repair services, such as drill pipe hardbanding, machining, threading, and coupling replacement. It also offers the repair and refurbishment of sucker rods, the sale of new and used sucker rods, and EZ Flow Lined Tubing. The company was founded in 1998 and is based in Calgary, Canada. With 47.6 million shares outstanding and 171,400 shares declared short as of September 2008, there is no longer a failure to deliver in shares of FESVF. According to quarterly data provided by the SEC, there were still 100,000 shares of FESVF that were failing-to-deliver as of February 19, 2008.
Traderfied Media N.V. New York Registry (OTC: TRDFF) provides classified advertising services and solutions to professional and individual buyers and sellers through Internet, print, telephone, short messaging service, and direct mail. The company facilitates consumer-to-consumer and business-to-consumer transactions through its print and online classified advertising properties. Its print and online properties facilitate local, regional, and national commerce by serving as a marketplace where consumers and businesses, including car dealers, real estate, and employment agencies advertise goods and services for sale and to reach the sellers to purchase the items. The company offers its services under various brand names, such as Segundamano and Infojobs in Spain; Auto Trader, and Buy and Sell in Canada; La Centrale in France; Secondamano and Piu Case in Italy; and Segundamano in Argentina and Mexico. As of February 28, 2006, it produced 365 print titles and hosted 40 Web sites in 13 countries, including Spain, Latin America, Canada, France, and Italy. Trader Classified Media was founded in 1987 and is headquartered in Amsterdam, The Netherlands. With 104.3 million shares outstanding and 1,200 shares declared short as of September 2008, there is no longer a failure to deliver in shares of TRDFF. According to quarterly data provided by the SEC, there were still 15,629 shares of TRDFF that were failing-to-deliver as of June 20, 2007.
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 2,200,000,000 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.
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