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BUYINS.NET: FSIN, LOOP, RBCN, SWHC, SYMX, ACCP Have Also Been Added To
Naked Short List Today
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:18072008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been added to the NASDAQ, AMEX and NYSE naked short threshold
list: Fushi Copperweld Inc. (NASDAQ: FSIN), LoopNet Inc. (NASDAQ:
LOOP), Rubicon Technology Inc. (NASDAQ: RBCN), Smith & Wesson Holding
Corp (NASDAQ: SWHC), Synthesis Energy Systems Inc. (NASDAQ: SYMX),
Access Pharmaceuticals Inc. (OTCBB: ACCP). 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.
Fushi Copperweld Inc. (NASDAQ: FSIN) through its subsidiaries,
manufactures bimetallic composite wire products, principally
copper-clad aluminum (CCA) and copper-clad steel (CCS) wire used in
telecommunication, utility, and automotive markets. The company's CCA
and CCS products are used in telecommunications applications, such as
coaxial cables for CATV, trunk and distribution cables, cables for the
cellular industry, and telephony drop cable. Its CCA and CCS products
are also used in grounding applications, power cables, electrified
railways, transformer windings, and tracer wire, as well as in wiring
harnesses for automobiles, trucks, motorcycles, commercial off road
equipment, and trailers. The company sells its products through direct
sales force and sales agents in the Americas, Europe, Middle East, and
Africa. The company was founded in 2002. It was formerly known as Fushi
International, Inc. and changed its name to Fushi Copperweld, Inc. in
January 2008. Fushi Copperweld is headquartered in Dalian, China. With
27.45 million shares outstanding and 602,400 shares declared short as
of July 2008, there is a failure to deliver in shares of FSIN.
According to quarterly data provided by the SEC, there were still
10,438 shares of FSIN that were failing-to-deliver as of September 17,
2007.
LoopNet Inc. (NASDAQ: LOOP) operates an online marketplace for
commercial real estate in the United States. Its online marketplace,
LoopNet.com enables commercial real estate agents working on behalf of
property owners and landlords to list properties for sale or for lease
by submitting detailed property listing information, including
descriptions, financial and tenant information, photographs, and
property characteristics in order to find a buyer or tenant. As of
December 31, 2007, the LoopNet online marketplace contained
approximately 560,000 listings. The company also operates BizBuySell,
an online marketplace for operating businesses for sale. As of the
above date, BizBuySell contained approximately 49,900 listings of
operating businesses for sale. LoopNet also provides LoopLink, an
online real estate marketing and database services suite to commercial
real estate firms that enables them to showcase their available
properties both on the LoopNet marketplace and on the brokerage firm's
own Web site using the company's hosted search software. In addition,
the company provides RecentSales, a nationwide database of recent
commercial real estate transactions collected from sales initiated
through its online marketplace and from third party information
providers. LoopNet was incorporated in 1997 and is headquartered in San
Francisco, California. With 35.73 million shares outstanding and 9.21
million shares declared short as of July 2008, there is a failure to
deliver in shares of LOOP. According to quarterly data provided by the
SEC, there were still 93,484 shares of LOOP that were
failing-to-deliver as of August 15, 2007.
Rubicon Technology Inc. (NASDAQ: RBCN) engages in developing,
manufacturing, and selling monocrystalline sapphire and other
innovative crystalline products for light-emitting diodes (LEDs), radio
frequency integrated circuits (RFICs), blue laser diodes,
optoelectronics, and other optical applications. It fabricates its
products from the boules and sells them in various categories,
including core, as-cut, as-ground, and polished. The company offers two
inch, three inch, four inch, and six inch diameter wafers in C, R, A,
and M planar orientations. It also manufactures sapphire substrates and
optical windows, such as two to four inch sapphire wafers for use in
LEDs and blue laser diodes for solid state lighting and electronic
applications. In addition, Rubicon Technology offers six inch sapphire
wafers that are used for Silicon-on-Sapphire RFICs, as well as products
for military, aerospace, sensor, and other applications. Further, the
company provides optically-polished windows and ground window blanks of
sapphire and various fluoride compounds, such as calcium, barium, and
magnesium fluoride. It provides its products to wafer polishing
companies and semiconductor device manufacturers in Asia, North
America, and Europe. The company is based in Franklin Park, Illinois.
With 20.96 million shares outstanding and 1.89 million shares declared
short as of July 2008, there is a failure to deliver in shares of RBCN.
Smith & Wesson Holding Corp (NASDAQ: SWHC) through its subsidiary,
Smith & Wesson Corp., manufactures firearms primarily in the United
States. It produces a range of pistols, revolvers, tactical rifles,
hunting rifles, black powder firearms, handcuffs, and firearm-related
products and accessories for various customers, such as gun
enthusiasts, collectors, hunters, sportsmen, competitive shooters,
protection focused individuals, law enforcement agencies and officers,
and military agencies. The company also manufactures and exports
handguns and handcuffs, as well as shotguns. In addition, it operates a
retail store that sells firearms, accessories, branded products,
apparel, ammunition, and related shooting supplies, as well as
commercial shooting products in Springfield, Massachusetts; and another
retail store, which offers firearms, as well as hunting, shooting,
camping, fishing, and sporting gear and accessories in Rochester, New
Hampshire. Further, the company offers various services, including
forging, heat treating, finishing, and plating, as well as castings
services; and pursues opportunities to license its name and trademarks
to third parties for use in association with their products and
services. It markets its products primarily through distributor,
dealer, and consumer promotions, as well as specialized retail
merchandising. Smith & Wesson Holding was founded in 1852 and is based
in Springfield, Massachusetts. With 46.95 million shares outstanding
and 4.22 million shares declared short as of July 2008, there is a
failure to deliver in shares of SWHC. According to quarterly data
provided by the SEC, there were still 20,130 shares of SWHC that were
failing-to-deliver as of September 27, 2007.
Synthesis Energy Systems Inc. (NASDAQ: SYMX) a development stage
company, engages in the development and commercialization of
gasification technology primarily in China and North America. It holds
a license to manufacture, make, use, and sell U-GAS coal gasification
systems, which are used for the low-to-medium heating value synthesis
gas from various biomass feed stocks and coals, including high-ash
fuels; and coal and biomass mixture gasification systems that utilize
coal and biomass blends having feedstock materials. The company was
founded in 2003 and is headquartered in Houston, Texas. With 36.42
million shares outstanding and 332,500 shares declared short as of July
2008, there is a failure to deliver in shares of SYMX.
Access Pharmaceuticals Inc. (OTCBB: ACCP) a biopharmaceutical company,
together with its subsidiaries, engages in the development of novel
therapeutics for the treatment of cancer and supportive care of cancer
patients. The company's products include MuGard, a nanopolymer
formulation for the management of oral mucositis, a frequent
side-effect of cancer therapy. Its lead development candidate for the
treatment of cancer includes ProLindac, a Phase II clinical trial
candidate for the treatment of ovarian cancer. The company's products
under pre-clinical stage comprise Cobalamin, an oral drug delivery
technology for the oral delivery of insulin; and Angiolix, a humanized
monoclonal antibody, which acts as an anti-angiogenesis factor to
cancer cells, notably breast, ovarian, and colorectal cancers. Its
products under pre-clinical stage also comprise Prodrax, a non-toxic
prodrug that is activated in the hypoxic zones of solid tumors to kill
cancer cells; Alchemix, a chemotherapeutic agent, which combines
multiple modes of action to overcome drug resistance; and
Cobalamin-mediated targeted delivery. The company has a co-development
and sublicense agreement with Virium Pharmaceuticals, Inc. to develop
Sodium Phenylbutyrate, a Phase II clinical candidate for the treatment
of cancer, autoimmune diseases, and other clinical indications; and a
research collaboration with The School of Pharmacy, University of
London to develop a synthetic polymer technology to exploit enhanced
permeability and retention at tumor sites to accumulate drug and
control drug release. Access Pharmaceuticals, Inc. was founded in 1988
and is based in Dallas, Texas. With 17.29 million shares outstanding
and 110,600 shares declared short as of July 2008, there is a failure
to deliver in shares of ACCP. According to quarterly data provided by
the SEC, there were still 14,273 shares of ACCP that were
failing-to-deliver as of September 17, 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 2,050,000,000 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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