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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.
Braskem S.A. (NYSE: BAK | Quote | Chart | News | PowerRating) and its subsidiaries operate as an integrated petrochemical cracker and thermoplastics producer in Brazil and Europe. The company operates in four divisions: Basic Petrochemicals, Polyolefins, Vinyls, and Business Development. Basic Petrochemicals division engages in petrochemical production activities, as well as in the supply of electricity, steam, and compressed air to second generation producers. Its products include olefins, such as ethylene, polymer and chemical grade propylene, butadiene, isoprene, and butene-1; aromatics that consist of benzene, toluene, para-xylene, and ortho-xylene; and fuels, which comprise automotive gasoline and liquefied petroleum gas, as well as methyl tertiary butyl ether, solvent C9, and pyrolysis C9. Polyolefins division produces polyethylene, including LDPE, LLDPE, HDPE, UHMWP, and ethyl vinyl acetate copolymer, as well as polypropylene. It manufactures a range of polyolefins products for use in consumer and industrial applications, including plastic films for food and industrial packaging; bottles, shopping bags, and other consumer goods containers; automotive parts; and household appliances. Vinyls division involves in the production of polyvinylchloride, caustic soda, and chlorine used by producers of aluminum and paper, ethylyne dichloride, and chlorine. Business Development division produces caprolactam, a raw material that forms the basis for the production of Nylon-6 textile thread, and engineering resins and film, as well as used as a structural material in the motor and electronics industries. It also produces ammonium sulfate for use as a fertilizer; and cyclohexane and cyclohexanone for use in paint solvents, pesticides, natural resins, oils, and rubber. The company was founded as Petroquimica do Nordeste Copene Ltda in 1972 and changed its name to Copene Petroquimica do Nordeste S.A. in 1974. Further, it changed its name to Braskem S.A. in 2002. Braskem is headquartered in Camacari, Brazil. With 224.72 million shares outstanding and 1.78 million shares declared short as of May 2008, the failure to deliver in shares of BAK has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 25,413 shares of BAK that were failing-to-deliver as of September 26, 2007.
Energy Focus Inc. (NASDAQ: EFOI | Quote | Chart | News | PowerRating) designs, develops, manufactures, and markets fiber optic lighting systems for use in general commercial, and the pool and spa lighting markets. It also offers efficient fiber optics (EFO) lighting system, a lighting technology that delivers light at reduced energy consumption. EFO provides energy efficient downlighting, which is used for spot lighting, accent lighting, and display case lighting. The company's products consist of illuminators, fibers, fixtures, light bars, star kits, light saver dock light, tools and accessories, and light emitting diode products. Its products also include customized components, such as underwater lenses, color-changing electric pool lights, landscape lighting fixtures, and a line of lighted water features, including waterfalls and laminar-flow water fountains. The company serves various markets, including supermarkets, fast food restaurants, grocery chains, theme parks, casinos, hotels, and specialty installations. Energy Focus markets its products primarily through independent sales representatives, distributors, and swimming pool builders worldwide. The company was founded in 1985. It was formerly known as Fiberstars, Inc. and changed its name to Energy Focus, Inc. in 2007. The company is headquartered in Solon, Ohio. With 14.83 million shares outstanding and 889,500 shares declared short as of May 2008, the failure to deliver in shares of EFOI has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 40,910 shares of EFOI that were failing-to-deliver as of September 28, 2007.
Home BancShares Inc. (NASDAQ: HOMB | Quote | Chart | News | PowerRating) a financial holding company, provides a range of commercial and retail banking, and related financial products and services to businesses, real estate developers and investors, individuals, and municipalities in central and north central Arkansas, the Florida Keys, and southwestern Florida. Its deposit services include checking, savings, time deposits, and money market accounts, as well as certificates of deposit. The company offers single and multi-family real estate, residential construction, commercial buildings, small and medium-sized commercial businesses, consumer, and agricultural loan products. It also offers a range of products and services, including Internet banking and voice response information, cash management, overdraft protection, direct deposit, traveler's checks, safe deposit boxes, United States savings bonds, and automatic account transfers. In addition, the company provides trust services, focusing primarily on personal trusts, corporate trusts, and employee benefit trusts; and writes insurance policies for commercial and personal lines of businesses. As of December 31, 2007, it operated 43 branches in Arkansas, 9 branches in the Florida Keys, and 3 branches in southwestern Florida. The company is headquartered in Conway, Arkansas. With 18.34 million shares outstanding and 866,300 shares declared short as of May 2008, the failure to deliver in shares of HOMB has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 11,243 shares of HOMB that were failing-to-deliver as of September 27, 2007.
Neonode Inc. (NASDAQ: NEON | Quote | Chart | News | PowerRating) provides optical finger based touch screen technologies and products worldwide. It designs and develops mobile phones under patented touch screen technologies, zForce and neon. The company offers N1, N1m, and N2 series of touchscreen multimedia mobile phones that convert the functionality of a desktop computer to a mobile phone interface. It also licenses its touchscreen hardware and software designs to third party companies for incorporation into various products that incorporate touchscreen technology, such as MP3 and video players, digital cameras, global positioning systems, and alarm system touch pads. Neonode sells its products through distributors, as well as directly to end-users though Web sales channels. The company was founded in 2004 and is headquartered in Stockholm, Sweden with additional offices located in Portugal, Hong Kong, China and the United States. With 23.71 million shares outstanding and 165,900 shares declared short as of May 2008, the failure to deliver in shares of NEON has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 12,906 shares of NEON that were failing-to-deliver as of September 28, 2007.
Source Interlink Companies Inc. (NASDAQ: SORC | Quote | Chart | News | PowerRating) operates as a marketing, merchandising, and fulfillment company of entertainment products in North America. Its entertainment products include DVDs, music CDs, magazines, books, and related items. The company engages in the publication of print and digital content to the enthusiast community in the United States via publications, Web sites, and events; distribution and fulfillment of entertainment products to retail chains and direct-to-consumers through the Internet; import and export of periodicals sold in approximately 100 markets worldwide; and coordination of product selection and placement for impulse items sold at checkout counters. It also involves in the processing and collection of rebate claims; and design, manufacture, and installation of metal wire display fixtures in retail chains. The company serves bookstore chains, music stores, other specialty retailers, grocery stores, drug stores, and mass merchandise retailers. As of January 31, 2008, its media content portfolio comprises 76 publications, 90 related Web sites, approximately 65 events, 2 television programs, and approximately 400 branded products. The company was founded in 1988 and is headquartered in Bonita Springs, Florida. With 52.32 million shares outstanding and 14.27 million shares declared short as of May 2008, the failure to deliver in shares of SORC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 31,811 shares of SORC that were failing-to-deliver as of September 28, 2007.
WSB Financial Group Inc. (NASDAQ: WSFG | Quote | Chart | News | PowerRating) operates as the holding company for Westsound Bank that provides various commercial banking services to real estate developers, contractors, and small to medium-sized businesses in Washington. The company primarily engages in generating deposits and originating loans. Its deposit products include interest bearing and noninterest bearing demand deposits, money market accounts, savings deposits, and certificates of deposit. The company's lending activities comprise commercial and residential real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans. It also provides courier, telephone and Internet banking, automatic teller machines, and real estate services, as well as cashier's checks, money orders, debit/credit cards, wire transfers, travelers' checks, and safe deposit services. As of March 31, 2007, it operated nine full service branches and one loan production office located primarily in the west Puget Sound area. The company was founded in 1999 and is headquartered in Bremerton, Washington. With 5.57 million shares outstanding and 341,100 shares declared short as of May 2008, the failure to deliver in shares of WSFG 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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