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BUYINS.NET: WAVE, FTFL, GOCH, XHUA, CCTC, NSMG Have Also Been Removed From Naked Short List Today
Oct 28, 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: Nextwave Wireless Inc (NASDAQ: WAVE), FutureFuel Corp. (OTCBB: FTFL), Geeks On Call Holdings Inc. (OTCBB: GOCH), Xinhua China Ltd. (OTCBB: XHUA), Clean Coal Technologies Inc. (OTC: CCTC), National Storm Management Inc (OTC: NSMG). 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.
Nextwave Wireless Inc (NASDAQ: WAVE) together with its subsidiaries, engages in the development, production, and marketing of mobile multimedia and wireless broadband products. It operates in three segments: Semiconductor, Multimedia, and Networks. The Semiconductor segment offers WiMAX and long term evolution baseband chipsets, and multi-band radio frequency integrated circuits. The Multimedia segment provides device-embedded multimedia software, media content management platforms, and content delivery services. The Networks segment develops 3GPP UMTS and WiMAX based wireless broadband and mobile broadcast products and services, as well as carrier-grade mobile Wi-Fi products and services. The company also markets various TD-CDMA end-user devices to network operators, including desktop modems and PCMCIA cards. It has strategic partnerships with Huawei and Elektrobit. The company also has a strategic agreement with Alcatel-Lucent to develop WiMAX broadcast solutions for mobile operators, as well as has a technology collaboration with Global Mobile Corp. to provide end-to-end mobile WiMAX solutions. NextWave Wireless primarily operates in the United States, the Asia-Pacific, and Europe. The company was founded in 1996. It was formerly known as NextWave Wireless LLC and changed its name to Nextwave Wireless, Inc. in 2006. The company is headquartered in San Diego, California. With 103.09 million shares outstanding and 9.55 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of WAVE. According to quarterly data provided by the SEC, there were still 1,155,589 shares of WAVE that were failing-to-deliver as of January 26, 2007.
FutureFuel Corp. (OTCBB: FTFL) manufactures and markets specialty chemicals and biofuels in the United States and internationally. The company's Chemicals segment manufactures diversified chemical products. It offers custom manufacturing chemicals, including a bleach activator for detergent manufacturers, a proprietary herbicide for life sciences companies, and chlorinated polyolefin adhesion promoters and antioxidant precursors for chemical companies. This segment also offers performance chemicals, such as polymer (nylon) modifiers and various small-volume specialty chemicals. In addition, it provides agricultural intermediates and additives, imaging chemicals, fiber additives, and various specialty pharmaceutical intermediates. Its chemical products are used in various markets and end uses, including detergent, agrochemical, automotive, photographic imaging, coatings, nutrition, and polymer additives. FutureFuel's Biofuels segment manufactures and markets biodiesel. This segment also focuses on the research, development, and commercialization of cellulosic-based ethanol. The company was founded in 2005 and is based in Clayton, Missouri. With 26.7 million shares outstanding and 52,100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of FTFL.
Geeks On Call Holdings Inc. (OTCBB: GOCH) provides on-site computer services in the United States. It offers services, such as system security and online privacy solutions, hardware and software repairs and troubleshooting, wireless equipment and network installations, and various on-site computer support services. The company also provides network services, data backup and recovery, virus/spyware detection and removal, firewalls and internet security, custom-built PCS, training, upgrades, networks, and preventive maintenance services, as well as owns and operates franchises. It offers services for business and home service needs. The company was founded in 1999 and is based in Norfolk, Virginia. With 14.12 million shares outstanding and 7,100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of GOCH. According to quarterly data provided by the SEC, there were still 13,857 shares of GOCH that were failing-to-deliver as of April 16, 2008.
Xinhua China Ltd. (OTCBB: XHUA) operates as a co-publishing and digital media company. It engages in Internet book distribution business. The company is based in Beijing, the People's Republic of China. With 54.64 million shares outstanding and 1,200 shares declared short as of September 2008, there is no longer a failure to deliver in shares of XHUA. According to quarterly data provided by the SEC, there were still 10,208,646 shares of XHUA that were failing-to-deliver as of April 18, 2008.
Clean Coal Technologies Inc. (OTC: CCTC) owns a patented technology to transform coal with impurities, contaminants, and other polluting elements into a clean-burning energy resource. It offers its technology to utility plants and manufacturing firms that burn coal and are subject to environmental regulations in the People's Republic of China and other Asian countries. The company also provides various by-products of pre-treatment process, including methane, sulfur, tar, and other types of crude fuel. Clean Coal Technologies, Inc. is based in Coral Springs, Florida. With 55,400 shares declared short as of September 2008, there is no longer a failure to deliver in shares of CCTC. According to quarterly data provided by the SEC, there were still 67,974 shares of CCTC that were failing-to-deliver as of November 9, 2007.
National Storm Management Inc (OTC: NSMG) operates as a storm restoration management company specializing in residential home repair from the effects of wind and hail damage to residents in Florida, Illinois, Indiana, Minnesota, Louisiana, Georgia, Ohio, and Kentucky. The company offers exterior packages for residential and commercial applications that include siding, roofing, gutters, windows, doors, soffit, facia wrap, vinyl railing, vinyl fences, custom copper work, decorative aluminum and vinyl trim, and custom metal work. The company was founded in 2000 and is headquartered in Glen Ellyn, Illinois. With 129.15 million shares outstanding and 31,300 shares declared short as of September 2008, there is no longer a failure to deliver in shares of NSMG. According to quarterly data provided by the SEC, there were still 3,960,716 shares of NSMG that were failing-to-deliver as of November 6, 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 2,200,000,000 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 www.buyins.net Tom@buyins.net +1-800-715-9999
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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