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BUYINS.NET: SUF, BANR, COINZ, FLML, GEOI, LAMR Have Also Been On
BUYINS.NET Naked Short List For 13 Consecutive Trading Days
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:30072008
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: SulphCo Inc (AMEX: SUF), Banner Corp.
(NASDAQ: BANR), Converted Organics Inc. Warrants (NASDAQ: COINZ),
Flamel Technologies S.A. (NASDAQ: FLML), GeoResources Inc. (NASDAQ:
GEOI), Lamar Advertising Company (NASDAQ: LAMR). 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.
SulphCo Inc (AMEX: SUF) a development stage company, engages in the
development and commercialization of technology for the upgrading of
crude oil. The company's Sonocracking process is based upon the use of
ultrasound, that include the application of energy and frequency sound
waves, which alter the molecular structure of the crude oil, decrease
the relative density and the viscosity of crude oil, and increase the
amount of lighter oils that can be recovered during the refinery
processes. This technology also reduces the weight percentage of sulfur
and parts per million of nitrogen in the chemical composition of crude
oil. Its target customers include crude oil producers, transporters and
blenders, and refiners. The company was founded in 1986 and is
headquartered in Houston, Texas. With 80.85 million shares outstanding
and 8.02 million shares declared short as of July 2008, the failure to
deliver in shares of SUF has not been resolved and a buy-in is
imminent. According to quarterly data provided by the SEC, there were
still 479,613 shares of SUF that were failing-to-deliver as of
September 28, 2007.
Banner Corp. (NASDAQ: BANR) operates as the holding company primarily
for Banner Bank that provides commercial banking services to
individuals, businesses, and public sector entities in the United
States. It offers various deposits products, including demand checking
accounts, negotiable order of withdrawal accounts, money market deposit
accounts, regular savings accounts, certificates of deposit, cash
management services, and retirement savings plans. The company also
offers commercial business and commercial real estate loans,
agricultural business loans, construction and land development loans,
one to four-family residential loans, and consumer loans. In addition,
it engages in mortgage banking operations primarily through the
origination and sale of one to four-family residential loans. As of
March 31, 2008, Banner Bank operated 81 branch offices and 12 loan
production offices in 28 counties in Washington, Oregon, and Idaho.
Banner Corporation, through its other subsidiary, Islanders Bank, also
operated three locations in San Juan County, Washington. The company
was founded in 1890 and is based in Walla Walla, Washington. With 15.98
million shares outstanding and 2.75 million shares declared short as of
July 2008, the failure to deliver in shares of BANR has not been
resolved and a buy-in is imminent. According to quarterly data provided
by the SEC, there were still 14,359 shares of BANR that were
failing-to-deliver as of August 21, 2007.
Converted Organics Inc. Warrants (NASDAQ: COINZ) based in Boston, MA,
is dedicated to producing valuable all-natural, organic soil amendment
or fertilizer products through food waste recycling. The company uses
proven, state-of-the-art technologies to create a product that helps
grow healthier food and improve environmental quality. Converted
Organics plans to sell and distribute its environmentally friendly
fertilizer products in the retail, turf management, and agribusiness
markets. With 6,000 shares declared short as of July 2008, the failure
to deliver in shares of COINZ has not been resolved and a buy-in is
imminent.
Flamel Technologies S.A. (NASDAQ: FLML) a biopharmaceutical company,
develops polymer-based drug delivery technologies for the improvement
of medical applications in France. It offers Interferon-Alpha XL, an
interferon-alpha 2b for the treatment of hepatitis C virus and various
oncology applications; FT-105, a long-acting basal insulin formulation
for diabetic patients; and Interleukin-2 for the treatment of renal
cancer. The company also provides Coreg CR, an extended release
formulation of carvedilol phosphate for use in the treatment of
congestive heart failure, left ventricular dysfunction following
myocardial infarction, and hypertension; and Asacard162.5mg, a
controlled release formulation of aspirin designed to provide therapy
for cardiovascular treatment. The company has strategic alliances with
GlaxoSmithKline, Merck Serono, Wyeth Pharmaceuticals, TAP
Pharmaceuticals, Ltd., Bristol-Myers Squibb, Biovail, Servier, Merck &
Co., Corning S.A., Corning Incorporated, and Corning Europe, Inc.
Flamel Technologies was founded in 1990 and is headquartered in
Venissieux, France. With 24.05 million shares outstanding and 4.36
million shares declared short as of July 2008, the failure to deliver
in shares of FLML has not been resolved and a buy-in is imminent.
According to quarterly data provided by the SEC, there were still
18,780 shares of FLML that were failing-to-deliver as of September 27,
2007.
GeoResources Inc. (NASDAQ: GEOI) engages in the acquisition,
development, and production of crude oil, natural gas, and related
products primarily in Texas, Louisiana, North Dakota, Montana, and
Colorado. The company holds interests primarily in the Black Warrior
Basin Fields located in Alabama and Mississippi; the Chittim Field
located in Maverick County, Texas; the Driscoll Field located in Duval
County, Texas; the Eloi Bay Field complex located in state waters
offshore St. Bernard Parish, Louisiana; the Frisco and Fordoche Fields
located in Pointe Coupee Parish, Louisiana; and the Giddings Field
located in Brazos, Burleson, Fayette, Grimes, Lee, and Washington
Counties, Texas. It also owns interest in the Harris Field located in
Gaines County, Texas; the Landa Field located in Bottineau County,
North Dakota; the MAK Field located in Andrews County, Texas; the New
Mexico Fields located in Eddy and Lea Counties, New Mexico; the Odem
Field located in San Patricio County, Texas; and the Quarantine Bay
Field located in State waters offshore Plaquemines Parish, Louisiana.
In addition, the company holds interests in the Sherman/Wayne Fields
located in Bottineau County, North Dakota; the St. Martinville Field
located in St. Martin Parish, Louisiana; and the Starbuck Field located
in Bottineau County, North Dakota. As of December 31, 2007,
GeoResources, Inc. had estimated proved reserves of approximately
10,744,079 bbls of oil; and 29,810,318 mcf of gas. It had total net
acreage of approximately 151,515 developed acres; and 56,689
undeveloped acres. The company was founded in 2004 and is headquartered
in Houston, Texas. With 14.7 million shares outstanding and 841,400
shares declared short as of July 2008, the failure to deliver in shares
of GEOI has not been resolved and a buy-in is imminent.
Lamar Advertising Company (NASDAQ: LAMR) together with its
subsidiaries, provides outdoor advertising services in the United
States, Canada, and Puerto Rico. It offers outdoor advertising
displays, such as billboards, including bulletins and posters; logo
signs; and transit advertising displays. The company offers its
services to restaurants, retailers, automotive, real estate companies,
health care, gaming, service, hotels and motels, telecommunications,
and amusement industries. As of December 31, 2007, it owned and
operated approximately 151,000 billboard advertising displays in 44
states, Canada, and Puerto Rico; approximately 100,000 logo advertising
displays in 19 states and the province of Ontario, Canada; and
approximately 28,500 transit advertising displays in 17 states, Canada,
and Puerto Rico. The company was founded in 1989 and is headquartered
in Baton Rouge, Louisiana. With 92.36 million shares outstanding and
22.62 million shares declared short as of July 2008, the failure to
deliver in shares of LAMR has not been resolved and a buy-in is
imminent. According to quarterly data provided by the SEC, there were
still 71,365 shares of LAMR that were failing-to-deliver as of
September 26, 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
((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
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Copyright ? 2008 M2 Communications Ltd.
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