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BUYINS.NET: CADX, CBAK, CHTR, DHOM, EFUT, MGPI Have Also Been Removed
From Naked Short List Today
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:05022008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been removed from the NASDAQ, AMEX and NYSE naked short threshold
list: Cadence Pharmaceuticals Inc. (NASDAQ: CADX), China BAK Battery
Inc. (NASDAQ: CBAK), Charter Communications Inc. (NASDAQ: CHTR),
Dominion Homes Inc. (NASDAQ: DHOM), eFuture Information Technology Inc.
(NASDAQ: EFUT), MGP Ingredients Inc. (NASDAQ: MGPI). 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.
Cadence Pharmaceuticals Inc. (NASDAQ: CADX) a biopharmaceutical
company, focuses on the in-licensing, development, and
commercialization of product candidates principally for use in the
hospital setting in the United States and Europe. It has two Phase III
products in development, including IV APAP for the treatment of acute
pain and fever; and Omigard for the prevention of intravascular
catheter-related infections. Cadence Pharmaceuticals, formerly known as
Strata Pharmaceuticals, Inc., was founded in 2004 and is headquartered
in San Diego, California. With 29.11 million shares outstanding and
1.52 million shares declared short as of January 2008, there is no
longer a failure to deliver in shares of CADX. According to quarterly
data provided by the SEC, there were still 16,262 shares of CADX that
were failing-to-deliver as of September 27, 2007.
China BAK Battery Inc. (NASDAQ: CBAK) through its subsidiaries, engages
in the manufacture, commercialization, and distribution of various
standard and customized lithium ion rechargeable batteries in the
People's Republic of China and internationally. The company
manufactures a range of lithium ion rechargeable batteries, such as
steel-case cells, aluminum-case cells, battery packs, cylindrical
cells, high-power lithium-phosphate cells, and lithium polymer cells.
Its products are used in cellular phone, camcorder, MP3/MP4 player,
digital camera, digital video camera, PDA, blackberry, notebook
computer, portable DVD player, portable gaming system, bluetooth
headset, electric drill, miner's lamp, electric bicycle, hybrid
electric vehicle, and general industrial applications. China BAK
Battery, Inc. serves battery pack manufacturers, original equipment
manufactures, and replacement battery manufacturers. The company was
founded in 2001 and is based in Shenzhen, the People's Republic of
China. With 52.95 million shares outstanding and 4.96 million shares
declared short as of January 2008, there is no longer a failure to
deliver in shares of CBAK. According to quarterly data provided by the
SEC, there were still 13,373 shares of CBAK that were
failing-to-deliver as of September 26, 2007.
Charter Communications Inc. (NASDAQ: CHTR) through its subsidiaries,
operates as a broadband communication company in the United States. It
offers traditional cable video programming, high-speed Internet access,
broadband cable services, high definition television service,
interactive television, and telephone service through the Internet to
residential and commercial customers. The company also sells local
advertising on satellite-delivered networks. As of December 31, 2006,
the company served approximately 5.43 million analog video customers,
of which approximately 2.81 million were digital video customers. It
also served approximately 2.40 million high-speed Internet customers
and provided telephone service to approximately 445,800 customers.
Charter Communications was founded in 1999 and is based in St. Louis,
Missouri. With 403.27 million shares outstanding and 99.27 million
shares declared short as of January 2008, there is no longer a failure
to deliver in shares of CHTR. According to quarterly data provided by
the SEC, there were still 66,889 shares of CHTR that were
failing-to-deliver as of September 28, 2007.
Dominion Homes Inc. (NASDAQ: DHOM) together with its subsidiaries,
engages in the construction and sale of single-family homes in central
Ohio, as well as in Louisville and Lexington, Kentucky. The company
designs, sells, and builds single-family homes on finished lots, as
well as purchases undeveloped land to develop into finished lots for
home construction. It provides five series of homes, including
independence collection, metropolitan, celebration and celebration
classic, tradition, and grand reserve. Independence collection series,
a neotraditional housing concept, consists of detached single-family
homes, which target entry-level home buyers. Metropolitan series offers
six attached two-story townhome designs that target the young and
single home buyers. Celebration and celebration classic series provides
a range of single-family traditional home designs for the entry-level
and first-time move-up home buyers. Tradition series offers
single-family home designs for move-up home buyers. Grand reserve
series provides single-family designs, which target adults who need
luxury patio homes built in private communities with amenities, such as
pools and clubhouses. The company also offers title insurance services
through affiliated title insurance agencies; and mortgage financing
services through a joint venture arrangement with Wells Fargo Bank,
N.A. Dominion Homes was founded in 1952. It was formerly known as
Borror Corporation and changed its name to Dominion Homes, Inc. in
1997. The company is based in Dublin, Ohio. With 8.52 million shares
outstanding and 757,000 shares declared short as of January 2008, there
is no longer a failure to deliver in shares of DHOM. According to
quarterly data provided by the SEC, there were still 27,435 shares of
DHOM that were failing-to-deliver as of September 28, 2007.
eFuture Information Technology Inc. (NASDAQ: EFUT) through its
subsidiary, e-Future (Beijing) Tornado Information Technology, Inc.,
provides integrated software and professional services for
manufacturers, distributors, wholesalers, logistics companies, and
retailers in China's supply chain front market. The company's software
solutions include e-Future ONE Visual-DRP, a Web-based product designed
to meet the distribution and network management needs of manufacturers;
e-Future ONE DMS, a mini-enterprise resource planning application
utilized by wholesalers and distributors in the consumer goods
industry; e-Future ONE POS-ERP, a software solution designed to meet
the demands of retailers for goods flow, order flow, information flow,
and cash flow management; and e-Future ONE LRP, an application for
distributors or logistics companies to improve warehouse management,
transportation management, and logistics management. It also offers
e-Future ONE SCM, an application designed to promote collaborative
business between retailers and their suppliers; e-Future ONE CPFR/VMI,
a program that provides customers with collaborative planning,
forecasting, and replenishment features; e-Future ONE CRM, a system
tool mining and analyzing customer data for retailing operations;
e-Future ONE BI, a program designed for intelligent distribution; and
e-Future ONE eWalkman, an all-in-one portable payment system, which can
place information at both the operator and customer locations. In
addition, e-Future provides consulting services, including systems
implementation, systems planning and design, customer-specific
configuration of application modules, and on-site implementation or
conversion from existing systems, as well as post-implementation
consulting services. The company was founded in 1997 and is
headquartered in Beijing, the People's Republic of China. With 2.63
million shares outstanding and 429,100 shares declared short as of
January 2008, there is no longer a failure to deliver in shares of
EFUT. According to quarterly data provided by the SEC, there were still
12,232 shares of EFUT that were failing-to-deliver as of September 28,
2007.
MGP Ingredients Inc. (NASDAQ: MGPI) produces certain ingredients and
distillery products in the United States. It processes wheat, corn, and
milo into various products through an integrated production process.
The company offers ingredients, which include specialty ingredients
consisting primarily of specialty wheat starches and specialty wheat
proteins for food and non-food applications; and commodity ingredients,
including commodity wheat starches and vital wheat gluten, and mill
feeds. MGP Ingredients' distillery products include food-grade alcohol,
including beverage alcohol and industrial alcohol; fuel alcohol,
commonly known as ethanol; and distillers grain and carbon dioxide,
which are by-products of its distillery operations. The company sells
its products directly or through distributors to manufacturers and
processors of finished goods. MGP Ingredients has a strategic alliance
with Cargill, Incorporated for the production and marketing of a
resistant starch derived from high amylose corn. The company was
founded in 1941 and is headquartered in Atchison, Kansas. With 16.5
million shares outstanding and 1.78 million shares declared short as of
January 2008, there is no longer a failure to deliver in shares of
MGPI. According to quarterly data provided by the SEC, there were still
20,836 shares of MGPI that were failing-to-deliver as of September 28,
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 1,800,000,000 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
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Copyright ? 2008 M2 Communications Ltd.
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