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BUYINS.NET: MDVN, MECA, MGPI, ORBC, PANL, PLPC Have Also Been Added To Naked Short List Today
Wednesday, April 02, 2008; Posted: 10:08 AM
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Apr 02, 2008 (M2 PRESSWIRE via COMTEX) -- PANL | news | PowerRating | PR Charts -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Medivation Inc. (NASDAQ: MDVN), Magna Entertainment Corp. (NASDAQ: MECA), MGP Ingredients Inc. (NASDAQ: MGPI), ORBCOMM Inc. (NASDAQ: ORBC), Universal Display Corp. (NASDAQ: PANL), Preformed Line Products Company (NASDAQ: PLPC). 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.

Medivation Inc. (NASDAQ: MDVN | news | PowerRating | PR Charts ) a biopharmaceutical company, engages in the research and development of small molecule drugs for the treatment of Alzheimer's disease, Huntington's disease, and hormone-refractory prostate cancer. The company's product pipeline includes Dimebon, which has completed first pivotal trial for mild-to-moderate Alzheimer's disease, and is in Phase 2 clinical trial in patients with mild-to-moderate Huntington's disease. Medivation is also developing MDV3100, which is in a Phase 1-2 clinical trial in patients with hormone-refractory prostate cancer. The company was founded in 2003 and is based in San Francisco, California. With 28.84 million shares outstanding and 7.28 million shares declared short as of March 2008, there is a failure to deliver in shares of MDVN. According to quarterly data provided by the SEC, there were still 22,387 shares of MDVN that were failing-to-deliver as of September 28, 2007.

Magna Entertainment Corp. (NASDAQ: MECA | news | PowerRating | PR Charts ) engages in the ownership and operation of horse racetracks in California, Florida, Maryland, Texas, Oklahoma, Ohio, Oregon, and Ebreichsdorf, Austria. It operates seven thoroughbred racetracks, one standardbred racetrack, and two racetracks that run both thoroughbred and quarterhorse meets, as well as the simulcast wagering venues at these tracks. The company also supplies live racing content to the inter-track, off-track, and account wagering markets; operates off-track betting facilities that permit customers to place wagers by telephone and over the Internet; owns 50% interest in HorseRacing TV, a television network focused on horse racing; provides totalisator services to the pari-mutuel industry; and operates casinos with alternative gaming machines. In addition, it owns and operates production facilities in Austria and in North Carolina for StreuFex, a straw-based horse bedding product; holds interests in a real estate portfolio comprising a residential development in Austria and the United States; and develops leisure and entertainment or retail-based projects. The company was founded in March 1999 as MI Venture, Inc. and changed its name to MI Entertainment Corp. in November 1999. Later, it changed its name to Magna Entertainment Corp. in 2000. The company is based in Aurora, Canada. Magna Entertainment Corp. is a subsidiary of MI Developments, Inc. With 116.62 million shares outstanding and 2.64 million shares declared short as of March 2008, there is a failure to deliver in shares of MECA. According to quarterly data provided by the SEC, there were still 94,080 shares of MECA that were failing-to-deliver as of September 28, 2007.

MGP Ingredients Inc. (NASDAQ: MGPI | news | PowerRating | PR Charts ) produces certain ingredients and distillery products in the United States. It processes wheat, corn, and milo into various products through an integrated production process. The company offers ingredients, which include specialty ingredients consisting primarily of specialty wheat starches and specialty wheat proteins for food and non-food applications; and commodity ingredients, including commodity wheat starches and vital wheat gluten, and mill feeds. MGP Ingredients' distillery products include food-grade alcohol, including beverage alcohol and industrial alcohol; fuel alcohol, commonly known as ethanol; and distillers grain and carbon dioxide, which are by-products of its distillery operations. The company sells its products directly or through distributors to manufacturers and processors of finished goods. MGP Ingredients has a strategic alliance with Cargill, Incorporated for the production and marketing of a resistant starch derived from high amylose corn. The company was founded in 1941 and is headquartered in Atchison, Kansas. With 16.55 million shares outstanding and 1.51 million shares declared short as of March 2008, there is a failure to deliver in shares of MGPI. According to quarterly data provided by the SEC, there were still 20,836 shares of MGPI that were failing-to-deliver as of September 28, 2007.

ORBCOMM Inc. (NASDAQ: ORBC | news | PowerRating | PR Charts ) a satellite-based data communication company, operates a two-way wireless data messaging system optimized for narrowband data communication worldwide. The company's system consists of a network of 29 low-Earth orbit, satellites, and accompanying ground infrastructure. Its two-way communications system enables its customers and end-users to track, monitor, control, and communicate with fixed and mobile assets located worldwide. The company offers satellite-based data communications services, as well as terrestrial-based cellular communication services. Its communications services are used by businesses and government agencies that are engaged in tracking, monitoring, controlling, and communicating with fixed or mobile assets. The assets that are connected through the company's data communications system include trucks, trailers, railcars, containers, heavy equipment, fluid tanks, utility meters, pipeline monitoring equipment, marine vessels, and oil wells. The company markets and sells its products and services directly to original equipment manufacturers and government customers; and indirectly through value-added resellers (VARS), international VARs and licensees, and country representatives in the commercial transportation, heavy equipment, fixed asset monitoring, marine vessels, and government and homeland security markets. As of December 31, 2007, it had approximately 351,000 billable subscriber communicators activated on its system. The company was founded in 2001 and is headquartered in Fort Lee, New Jersey. With 41.82 million shares outstanding and 7.76 million shares declared short as of March 2008, there is a failure to deliver in shares of ORBC. According to quarterly data provided by the SEC, there were still 56,906 shares of ORBC that were failing-to-deliver as of September 28, 2007.

Universal Display Corp. (NASDAQ: PANL | news | PowerRating | PR Charts ) engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials. OLEDs are thin lightweight and solid-state devices, suitable for use in full-color displays and as lighting products. The company's PHOLED technologies are based on phosphorescent OLEDs, which utilize materials and device structures that allow OLEDs to emit light through a process known as phosphorescence. It offers proprietary OLED materials for use in commercial OLED display products. The company also engages in the research, development, and commercialization of other OLED device and manufacturing technologies, such as Transparent OLEDs that utilize transparent cathodes and either a transparent, or reflective or opaque metal anode useful in flat panel display applications; Flexible OLEDs, which are built on non-rigid substrates, such as plastic or metal foil; Organic Vapor Phase Deposition process that utilizes a carrier gas stream in a hot walled reactor in a low pressure environment to deposit the layers of organic material in an OLED; Organic Vapor Jet Printing technology, a direct printing method for the manufacture of OLEDs; and Printable Phosphorescent OLEDs. Universal Display Corporation develops and licenses its OLED technologies to manufacturers of products for display applications, such as cell phones, MP3 players, laptop computers and televisions, and specialty and general lighting products. It has strategic relationships with Samsung SDI Co., Ltd.; Chi Mei EL Corporation; LG Display; Sony Corporation; Seiko Epson Corporation; Tohoku Pioneer Corporation; Konica Minolta Technology Center, Inc.; and DuPont Displays, Inc. The company was founded in 1985 and is based in Ewing, New Jersey. With 35.8 million shares outstanding and 5.47 million shares declared short as of March 2008, there is a failure to deliver in shares of PANL. According to quarterly data provided by the SEC, there were still 10,890 shares of PANL that were failing-to-deliver as of September 28, 2007.

Preformed Line Products Company (NASDAQ: PLPC | news | PowerRating | PR Charts ) and its subsidiaries design and manufacture products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, and information industries worldwide. The company offers formed wire products, which are used in the energy, communications, cable, and non-utility industries to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; protective closures, including splice cases that are used to protect fixed line communication networks, such as copper cable or fiber optic cable, from moisture, environmental hazards, and other potential contaminants; and data communication interconnection devices, which are used in high-speed data systems to connect electronic equipment. It also offers plastic products, including guy markers, tree guards, fiber optic cable markers, and pedestal markers that are used in energy, communications, cable television, and non-utility industries to identify power conductors, communication cables, and guy wires; and various other products, including hardware assemblies, pole line hardware, resale products, underground connectors, and urethane products, which are used in energy, communications, cable, and non-utility industries. The company also manufactures a line of products serving the voice and data transmission markets. It markets its products through direct sales force and manufacturing representatives in the United States, Canada, Germany, Spain, Australia, Brazil, Great Britain, South Africa, Japan, and Mexico. The company was founded in 1947 and is headquartered in Mayfield Village, Ohio. With 5.38 million shares outstanding and 186,200 shares declared short as of March 2008, there is a failure to deliver in shares of PLPC. According to quarterly data provided by the SEC, there were still 13,579 shares of PLPC that were failing-to-deliver as of August 27, 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 1,900,000,000 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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