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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.
Metro One Development Inc. (OTCBB: MODI | Quote | Chart | News | PowerRating) operates as a value added distributor of computer and computer related products in Canada. The company offers various hardware products, including Intel-based servers, personal computers, and laptops supporting Windows, Macintosh, Unix, Linux, and Novell operating systems; peripherals, such as printers, monitors, personal digital assistants, scanners, and other computer equipment related to the operation of computers, servers, and laptops; and various software products consisting of Microsoft Windows and Apple Macintosh retail boxed products that relate to the operation of computers, servers, and laptops. With 370,859 shares outstanding and 16,800 shares declared short as of May 2008, the failure to deliver in shares of MODI has not been resolved and a buy-in is imminent.
Ascend Acquisition Corp. (OTCBB: ASAQW) does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, or other similar business combination with an operating business. The company was founded in 2005 and is based in Wayne, Pennsylvania. With 5,000 shares declared short as of May 2008, the failure to deliver in shares of ASAQW has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 86,400 shares of ASAQW that were failing-to-deliver as of August 17, 2007.
Matrixx Resource Holdings Inc. (OTC: MXXH | Quote | Chart | News | PowerRating) focuses on the exploration, acquisition, drilling, and development of oil and gas projects through joint ventures in Canada. It has strategic partnership with GarcyCo Capital Corp. The company was founded in 2000. It was formerly known as ERLY Industries, Inc. and changed its name to Torchmail Communications, Inc. in May 2001, then to Ohana Enterprises, Inc. in December 2002. The company further changed its name to Vinoble, Inc. in November 2004 and to Matrixx Resource Holdings, Inc. in July 2006. Matrixx Resource Holdings is based in Los Angeles, California. With 278.18 million shares outstanding and 2,700 shares declared short as of May 2008, the failure to deliver in shares of MXXH has not been resolved and a buy-in is imminent.
Compass Group Plc (OTC: CMPGY | Quote | Chart | News | PowerRating) together with its subsidiaries, operates as a food service company. It offers contract food services and support services worldwide. The company provides food, vending, and related services primarily on its clients' premises. It serves the business and industry; fine dining; healthcare and seniors; education; sports and leisure; defense, offshore, and remote sites; and vending market sectors. The company was founded in 1941 and is based in Chertsey, the United Kingdom. With 1.85 billion shares outstanding and 365,500 shares declared short as of May 2008, the failure to deliver in shares of CMPGY has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 11,864 shares of CMPGY that were failing-to-deliver as of September 28, 2007.
Sharper Image Corp. (OTC: SHRPQ | Quote | Chart | News | PowerRating) operates as a multi-channel specialty retailer in the United States. The company sells its products through the Sharper Image specialty stores, the Sharper Image catalog, and the Internet. It also engages in wholesale operations; licenses its brand name to third parties; and provides customer list-rental programs. As of January 31, 2007, it operated 187 Sharper Image stores in 38 states and the District of Columbia. Sharper Image was founded in 1977 and is headquartered in San Francisco, California. On February 19, 2008, Sharper Image Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware. With 15.15 million shares outstanding and 2.51 million shares declared short as of May 2008, the failure to deliver in shares of SHRPQ has not been resolved and a buy-in is imminent.
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 2,000,000,000 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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