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BUYINS.NET: MIPI, PWER, UDHI, WEESF, FRTE, NXCO Have Also Been On
BUYINS.NET Naked Short List For 13 Consecutive Trading Days
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:31072008
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: Molecular Insight Pharmaceuticals Inc.
(NASDAQ: MIPI), PowerOne Inc. (NASDAQ: PWER), Union Dental Holdings
Inc. (OTCBB: UDHI), Wavefront Energy and Environmental Services, Inc.
(OTC: WEESF), Frontera Resources Corp. (OTC: FRTE), Nexicon Inc New
(OTC: NXCO). 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.
Molecular Insight Pharmaceuticals Inc. (NASDAQ: MIPI) a development
stage biopharmaceutical company, engages in the research, development,
and commercialization of molecular imaging pharmaceuticals and
radiotherapeutics primarily in the areas of oncology and cardiology in
the United States. Its products under development include Azedra, a
clinical-stage radiotherapeutic product candidate for the treatment of
metastatic neuroendocrine tumors, such as pheochromocytoma, carcinoid,
and neuroblastoma; and Onalta, a clinical-stage radiotherapeutic
product candidate for the radiotherapeutic treatment of metastatic
carcinoid and pancreatic neuroendocrine tumors. The company also
develops Zemiva, a molecular imaging pharmaceutical product for the
diagnosis of cardiac ischemia or insufficient blood flow to the heart
in the emergency department setting, as well as for the diagnosis of
coronary disease in the non-acute setting. In addition, its products
under development include Solazed, a radiotherapeutic for the treatment
of malignant metastatic melanoma; Trofex, a molecular imaging
pharmaceutical for detection of prostate-specific membrane antigen, an
expression which would enable the detection and monitoring of prostate
cancer; MIP-190 to assess the progression of heart failure through the
monitoring of angiotensin converting enzyme in human hearts; and
MIP-170D, a molecular imaging pharmaceutical compound to aid in the
objective diagnosis of Parkinson's disease and attention deficit
hyperactivity disorder. The company was founded in 1997 as Imaging
Biopharmaceuticals, Inc. and changed its name to Biostream, Inc. in
1998. Further, it changed its name to Molecular Insight
Pharmaceuticals, Inc. in 2003. The company is based in Cambridge,
Massachusetts. With 24.97 million shares outstanding and 558,600 shares
declared short as of July 2008, the failure to deliver in shares of
MIPI has not been resolved and a buy-in is imminent. According to
quarterly data provided by the SEC, there were still 45,194 shares of
MIPI that were failing-to-deliver as of September 21, 2007.
PowerOne Inc. (NASDAQ: PWER) engages in the design and manufacture of
power conversion and power management products. Its products include
alternate current (AC)/direct current (DC) power supplies that power
various equipment used in the communications, networking,
server/storage, computer, instrumentation, industrial, and electronic
industries; DC power systems, which are used to power the
communications infrastructure equipment by communications and Internet
service providers; and DC/DC converters, including high-density and
low-density ?brick' converters that are used to control power on
communications printed circuit boards, as well as Point-of-Load
converters that power devices within an Intermediate Bus Architecture,
and in other applications. The company also provides alternative energy
products, which convert solar or wind energy into useable AC/DC power;
digital control products for motors; and various application-specific
specialty power products. Power-One sells its products to equipment
manufacturers in the communications infrastructure, server/storage, and
other high technology markets through a network of manufacturers'
representatives and distributors in Europe, North America, Asia, the
Middle East, and Australia. The company was founded in 1973 and is
based in Camarillo, California. With 87.46 million shares outstanding
and 5.94 million shares declared short as of July 2008, the failure to
deliver in shares of PWER has not been resolved and a buy-in is
imminent. According to quarterly data provided by the SEC, there were
still 50,306 shares of PWER that were failing-to-deliver as of
September 26, 2007.
Union Dental Holdings Inc. (OTCBB: UDHI) through its subsidiaries,
provides dental services to union members in the United States. It
offers its services through a network of licensed dental providers in
accordance with arrangements between the company and various labor
unions. Union Dental Holdings also manages a dental practice in Coral
Springs, Florida. As of December 31, 2007, the company's dental network
comprised approximately 1,800 licensed dentists located in 35 states.
It also operates its Web sites, uniondental.com and uniondentalcorp.com
that provide patients with information about each member of the dental
network to inform the patient of the doctor's professional credentials.
The company is headquartered in Coral Springs, Florida. With 109.72
million shares outstanding and 191,700 shares declared short as of July
2008, the failure to deliver in shares of UDHI has not been resolved
and a buy-in is imminent. According to quarterly data provided by the
SEC, there were still 910,000 shares of UDHI that were
failing-to-deliver as of September 28, 2007.
Wavefront Energy and Environmental Services, Inc. (OTC: WEESF) engages
in the development and commercialization of technologies for fluid flow
optimization processes in the environmental and energy sectors in
Canada and the United States. It offers the Powerwave process, which is
an injection technology that improves the flow of fluids in geological
materials, including sedimentary soils and fractured rock; and
Primawave process, a method of environmental groundwater remediation of
contaminated sites. These technologies enhance oil recovery, oil well
stimulation, oilfield disposal methodologies, and optimization of
groundwater remediation. The company is headquartered in Edmonton,
Canada with additional offices in Cambridge, Canada; and Houston, the
United States. With 48.6 million shares outstanding and an undisclosed
short position, the failure to deliver in shares of WEESF has not been
resolved and a buy-in is possible. According to quarterly data provided
by the SEC, there were still 217,677 shares of WEESF that were
failing-to-deliver as of August 30, 2007.
Frontera Resources Corp. (OTC: FRTE) along with its subsidiaries,
operates as an international oil and gas exploration and production
company in the Republic of Georgia. It focuses its activities on the
onshore Kura Basin situated between the Caspian Sea and the Black Sea
in Azerbaijan and Georgia. Frontera holds 100% interest in a production
sharing agreement with the Ministry of Fuel and Energy of Georgia,
which enables it to explore, develop, and produce oil and gas from a
5,060 square kilometer area in eastern Georgia known as Block 12. The
company exports crude oil to international markets via the Georigan
Black Sea port of Batumi. Frontera Resources Corporation was founded in
1996 and is headquartered in Houston, Texas. With 65.25 million shares
outstanding and 79,300 shares declared short as of July 2008, the
failure to deliver in shares of FRTE has not been resolved and a buy-in
is imminent.
Nexicon Inc New (OTC: NXCO) develops software primarily in the areas of
security and billing solutions. Its anti-piracy and intelligence tools
address network security breaches, such as intellectual property theft
or piracy. The anti-piracy tools search for identifiers of pirated
software and content across the Internet through known Web sites,
insecure file sharing networks, and other locations. They monitor and
identify the individuals and/or Web sites that facilitate intellectual
property theft. The intelligence tools enable the processing of this
information to provide customers with the intelligence reports, as well
as employ a sorting process to parse through the data and produce
informational reports. In addition, the company offers consulting
services, including network management and security advice. Its
ComSecure Controller offers control of traffic, devices, and
subscribers within an intellectual property network in a global network
enterprise. Further, Nexicon's Charon Billing System provides a range
of billing and customer care solutions. These systems support the
billing processes for mobile, wireline, satellite, Internet, and
energy. The company offers its security solutions to customers in the
motion picture and software industries, as well as its Charon Billing
system to telecommunications companies. Nexicon was founded in 1998 and
is headquartered in Albuquerque, New Mexico. With 132.61 million shares
outstanding and 477,300 shares declared short as of July 2008, the
failure to deliver in shares of NXCO 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 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
((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 ? 2008 M2 Communications Ltd.
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