(M2 PressWIRE Via Acquire Media NewsEdge) BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Ido Security Inc. (OTCBB: IDOI), Neah Power Systems Inc. (OTCBB: NPWS), Copper King Mining Corp. (OTC: CPRK), Revenge Designs, Inc. (OTC: RVGD), Wolseley plc Sponsored Adr (OTC: WOSCY). 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.
Ido Security Inc. (OTCBB: IDOI) engages in the design, development, and marketing of technology based security systems for the homeland security and loss prevention markets. Its products are used in security screening procedures and are designed to detect ferrous and non-ferrous metallic objects concealed on or in shoes, ankles, and feet through the use of electro-magnetic fields. The company offers MagShoe, which is used to detect metallic items during security screenings, as well as at security checkpoints in venues, such as schools, prisons, commercial aviation and maritime facilities, rail transportation, shopping centers/places of entertainment, business facilities bus and train stations, border crossings, government institutions/buildings, critical infrastructure, and defense facilities. IDO Security was founded in 2002 and is based in New York, New York. With 989.65 million shares outstanding and 27,700 shares declared short as of June 2009, there is a failure to deliver in shares of IDOI. According to quarterly data provided by the SEC, there were still 454,510 shares of IDOI that were failing-to-deliver as of June 30, 2008.
Neah Power Systems Inc. (OTCBB: NPWS) engages in the development of power solutions for portable electronic devices, including notebook personal computers, military radios, and other power-hungry computer, entertainment, and communications products in the United States. The company offers a proprietary directmethanol fuel cell (DMFC) design that generates electrical power using methanol as fuel. It also develops solutions for power storage for renewable energy and power generation applications. The company was founded in 1999 and is headquartered in Bothell, Washington. With 345.53 million shares outstanding and 10,000 shares declared short as of June 2009, there is a failure to deliver in shares of NPWS. According to quarterly data provided by the SEC, there were still 1,914,765 shares of NPWS that were failing-to-deliver as of April 28, 2008.
Copper King Mining Corp. (OTC: CPRK) provides ore mining, processing, and exploration services. The company develops the Milford mineral belt made up of mineral claims. Copper King Mining Corp was formerly known as International Broadcasting Corporation. The company is based in Milford, Utah. With 138.09 million shares outstanding and 100 shares declared short as of June 2009, there is a failure to deliver in shares of CPRK. According to quarterly data provided by the SEC, there were still 5,183,997 shares of CPRK that were failing-to-deliver as of June 26, 2008.
Revenge Designs, Inc. (OTC: RVGD) Revenge Designs, Inc. With an undisclosed short position, there is a failure to deliver in shares of RVGD. According to quarterly data provided by the SEC, there were still 45,438,084 shares of RVGD that were failing-to-deliver as of March 18, 2008.
Wolseley plc Sponsored Adr (OTC: WOSCY) engages in the distribution of heating and plumbing products to the professional market, as well as supplies building materials in Europe and North America. It distributes various products, including plumbing, heating, and air conditioning comprising baths, showers and accessories, sanitaryware, brassware, bathroom furniture, boilers and burners, radiators and valves, hot water cylinders and flues, control equipment, and ventilation/air conditioning equipment; and building materials, such as insulation, plaster and plasterboard, roofing materials, bricks, blocks and aggregates, tiles and flooring, timber products, doors and frames, glass, beams and trusses, and hardware. The company also distributes electrical products, including cables and cabling accessories, controls and switchgear, wiring accessories, lighting, data networking supplies, and cable management products; and civils/waterworks, industrial, and commercial products, such as tanks and treatment plants, sheet material, drainage pipes and associated supplies, underground pressure pipes, small bore pressure pipes and fittings, and other pipes and valves. Further, it involves in the provision of construction labour, secured lending to house builders, customer inventory management, hire of plant and tools, and maintenance contracts. As of July 31, 2008, the company operated 5,310 branches in 27 countries. With 12.64 million shares outstanding and 147,200 shares declared short as of June 2009, there is a failure to deliver in shares of WOSCY.
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 2,650,000,000 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.
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