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BUYINS.NET: STSI, CSKH, PGSW, BDRBF Have Been Removed From Naked Short List Today
Nov 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: Star Scientific Inc. (NASDAQ: STSI), Clear Skies Solar, Inc. (OTCBB: CSKH), Pegasus Wireless Corp. (OTC: PGSW), Bombardier Inc. (OTC: BDRBF). 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.
Star Scientific Inc. (NASDAQ: STSI) together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNAs). It manufactures, sells, markets, and develops low-TSNA dissolvable smokeless tobacco products designed to provide adult tobacco users with an alternative to cigarettes. The company's dissolvable smokeless tobacco products include ARIVA cigalett pieces, a compressed powdered tobacco product; and STONEWALL Hard Snuff, a non-fermented spit-free hard tobacco product. The company also focuses on the development of tobacco-based pharmaceutical products for the treatment of tobacco dependence, as well as a range of neurological conditions, including Alzheimer's disease, Parkinson's disease, schizophrenia, and depression. It sells its products through tobacco distributors and wholesalers, as well as through drug store chains and other consumer product distributors in the United States. The company was founded in 2000 and is based in Petersburg, Virginia with an additional office in Bethesda, Maryland. With 92.11 million shares outstanding and 4.73 million shares declared short as of October 2008, there is no longer a failure to deliver in shares of STSI. According to quarterly data provided by the SEC, there were still 1,069,422 shares of STSI that were failing-to-deliver as of August 30, 2005.
Clear Skies Solar, Inc. (OTCBB: CSKH) designs, markets, sells, and installs solar power systems and renewable energy technology solutions for commercial and residential customers in the United States. The company primarily installs photovoltaic (PV) solar power panels for corporate buildings and multidwelling residential buildings. It also offers customized installation equipment, such as ballasted roof mounting system with custom recycled rubber feet, and residential PV trim kit. In addition, Clear Skies Solar offers Solarthermal systems that heat water directed to a boiler, hot water heater, or separate storage tank in commercial, industrial, or residential buildings with high water usage. The company was founded in 2003 as Clear Skies Holdings, Inc. and changed its name to Clear Skies Solar, Inc. in January 2008. Clear Skies Solar is based in Massapequa Park, New York. With 31.43 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of CSKH. According to quarterly data provided by the SEC, there were still 77,500 shares of CSKH that were failing-to-deliver as of January 14, 2008.
Pegasus Wireless Corp. (OTC: PGSW) engages in design, manufacture, and marketing of wireless hardware and software solutions for broadband fixed, portable networking, and Internet access worldwide. It offers various products in three application areas: indoor and outdoor wireless networking, industrial wireless networking solutions, and wireless multimedia/video networking solutions. The company offers TRIMAR and AVCW series of outdoor wireless Ethernet bridge products, which are used by Internet service providers to offer Internet access to their customers wirelessly. The AVCW series of products are also used by business customers and schools to interconnect computer networks in various buildings. Pegasus Wireless also offers ASR and ACR indoor wireless products, which are used in the wireless local area networks by office and home users to interconnect computers without having to deploy cables. ASR and ACR indoor wireless products are also used to enable wireless printing, connecting computers, and network printers. In addition, it offers WiSER series wireless serial radios that are used by teachers in schools to wirelessly interconnect interactive whiteboards to the computers in the classrooms, as well as used by industrial users to connect central control computer to the remote data collecting and sensing devices; and CynaLynx, which plays DVD movies wirelessly. Further, the company offers WiJET series of products that are used by presenters in a business meeting or teachers in the classroom to deliver their PowerPoint slide shows to the audience with their computers wirelessly connected to the projector; and enable home users to deliver movie files stored on their computer hard drives to an liquid crystal display or plasma flat panel television wirelessly. Pegasus Wireless Corp. is headquartered in Fremont, California. On January 28, 2008, Pegasus Wireless Corporation filed for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Florida. With 46.91 million shares outstanding and 407,500 shares declared short as of October 2008, there is no longer a failure to deliver in shares of PGSW. According to quarterly data provided by the SEC, there were still 14,902,074 shares of PGSW that were failing-to-deliver as of March 10, 2008.
Bombardier Inc. (OTC: BDRBF) manufactures business and commercial aircraft, and rail transportation equipment and systems worldwide. It operates in two segments, Aerospace and Transportation. The Aerospace segment designs and manufactures aviation products, as well as provides related services for corporations, high net worth individuals, airlines, and leasing companies. Its aircraft portfolio includes business aircrafts, and commercial aircrafts, including regional jets, turboprops, and single-aisle mainline jets. This segment also provides amphibious aircraft, which is a purpose-built firefighting aircraft that can be used in various missions, such as search and rescue, environmental protection, and coastal patrol and transportation; and special-mission aircraft solutions to governments and special-requirement organizations. In addition, it offers aftermarket services, including parts requirements, maintenance services, and pilot training, as well as fractional ownership and flight entitlement programs. The Transportation segment engages in the development, manufacture, and servicing of rail equipment and systems for national railways, regional railways, and municipal transit authorities. It offers locomotives, powerheads, high-speed trains, commuter and regional trains, metro cars, trams and light rail vehicles, bogies, and propulsion, train control, and management systems. This segment also provides train and fleet maintenance, materials and logistics programs, modernization, re-engineering, and overhaul of vehicles and components. In addition, it offers on-board and wayside rail control solutions for mass transit and mainline applications; turnkey transportation systems, including automated people movers, advanced rapid transit, light rapid transit, turnkey systems, automated monorail, operations and maintenance, and transit security systems. The company was founded in 1902 and is based in Montreal, Canada. With 1.44 billion shares outstanding and 5.72 million shares declared short as of October 2008, there is no longer a failure to deliver in shares of BDRBF. According to quarterly data provided by the SEC, there were still 2,483,590 shares of BDRBF that were failing-to-deliver as of February 25, 2005.
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 2,250,000,000 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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