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BUYINS.NET: TICC, CICS, PCFG, SOIS, BULPY, CLNMF Have Also Been Removed From Naked Short List Today

Mon. July 07, 2008; Posted: 03:52 AM
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Jul 07, 2008 (M2 PRESSWIRE via COMTEX) -- TICC | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: TICC Capital Corp. (NASDAQ: TICC), Carbonics Capital Corp (OTCBB: CICS), Pacific Gold Corp. (OTCBB: PCFG), Striker Oil & Gas Inc. (OTCBB: SOIS), Bulgari S.p.A. (OTC: BULPY), Cline Mining Corp (OTC: CLNMF). 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.

TICC Capital Corp. (NASDAQ: TICC | Quote | Chart | News | PowerRating) a business development company, operates as a closed-end, non-diversified management investment company. The company primarily invests in debt and/or equity securities of technology-related companies that operate in the software, Internet, information technology services, media, telecommunications, semiconductors, hardware, and technology-enabled services sectors. TICC concentrates its investments in companies having annual revenues of less than $200 million and/or a market capitalization or enterprise value of less than $300 million. The firm invests up to $30 million per transaction. Technology Investment Management, LLC serves as the investment adviser to TICC. The company was founded in 2003 and is headquartered in Greenwich, Connecticut. With 21.7 million shares outstanding and 1.84 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of TICC.

Carbonics Capital Corp (OTCBB: CICS | Quote | Chart | News | PowerRating) through its subsidiaries, develops renewable energy projects. The company also holds rights to process for the preferential separation and recovery of plastics from mixed waste plastics stream. It intends to develop projects based on the preferential separation technology that focuses on the waste plastics, which are chemically consistent source of carbon and hydrogen for possible thermal and catalytic conversion into liquid fuels. The company is based in New York, New York. With 9.55 million shares outstanding and 21,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CICS.

Pacific Gold Corp. (OTCBB: PCFG | Quote | Chart | News | PowerRating) engages in the identification, acquisition, exploration, and development of mining prospects primarily in the United States. The company, through its subsidiaries, owns claims, property, and leases in Nevada, Oregon, and Colorado. Its property portfolio comprises 68 placer and lode mining claims, including the Black Rock Canyon Mine covering approximately 1,340 acres; 13.67 acres of land; and approximately 440 acres of leased land in Lander County, Nevada. Pacific Gold also owns 16 placer claims covering approximately 320 acres in Josephine County, Oregon, which include the Bear Bench project and Defiance Mine. In addition, the company owns 36 claims covering 640 acres of the Lower Olinghouse Placers, known as Butcher Boy and Teddy located 34 miles east of Reno, Nevada. Further, it has rights to claims within Project W, a tungsten project covering approximately 600 acres in Mineral County, Nevada, as well as owns 24 unpatented lode mining claims in San Juan and Dolores Counties, Colorado. The company was incorporated as Demand Financial International, Ltd. in 1996 and changed its name to Blue Fish Entertainment, Inc. in 2002. Further, it changed its name to Pacific Gold Corp. in 2003. The company is based in Reno, Nevada. With 91.16 million shares outstanding and 99,200 shares declared short as of May 2008, there is no longer a failure to deliver in shares of PCFG. According to quarterly data provided by the SEC, there were still 20,000 shares of PCFG that were failing-to-deliver as of September 28, 2007.

Striker Oil & Gas Inc. (OTCBB: SOIS | Quote | Chart | News | PowerRating) engages in the exploration, acquisition, development, production, and sale of natural gas, crude oil, and natural gas liquids primarily from conventional reservoirs in the United States. It operates onshore along the Gulf Coast of Texas and Louisiana, as well as East Texas and Mississippi. The company holds interests in the Abbeville field and the West Abbeville prospect located in Vermillion Parish, North Edna field and Welsh Field located in Jefferson Davis Parish, and South Creole Prospect located in Cameron Parish in Louisiana; North Cayuga Prospect in Henderson County and Catfish Creek Prospect in Henderson and Anderson Counties in Texas; and North Sand Hill Field located in Greene County, Mississippi. Striker Oil & Gas is based in Houston, Texas. With 20.41 million shares outstanding and 11,200 shares declared short as of May 2008, there is no longer a failure to deliver in shares of SOIS.

Bulgari S.p.A. (OTC: BULPY | Quote | Chart | News | PowerRating) operates as a jewelry company. Its product portfolio comprises jewelry; watches; perfumes; and porcelain, silver, and crystal items. The company also offers various accessories, including silk and leather accessories, sunglasses and eyewear, pens, key rings, and gift items. In addition, Bulgari engages in the management and operation of Bulgari hotels, resorts, and residences in Italy. The company has operations in Italy, other parts of Europe, the United States, Japan, Far East, and Middle East. As of November 12, 2004, the company operated a network of 190 stores worldwide. Bulgari was founded in 1884 and is headquartered in Rome, Italy. With 75.07 million shares outstanding and 62,600 shares declared short as of May 2008, there is no longer a failure to deliver in shares of BULPY.

Cline Mining Corp (OTC: CLNMF | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties. The company primarily explores for metallurgical coal, gold, iron ore, and uranium mines. It owns a 100% interest in the Cline Lake Gold property covering approximately 120 hectares located in Ontario; a 12.5% joint venture interest in the Strike Edwards gold property; a 100% interest in the Lossan Coal property covering approximately 4,116 hectares in northeast British Columbia; and a 100% interest in the Lodgepole Coal property consisting of approximately 416 hectares in southeast British Columbia. The company also holds interest in the Waterfall Creek and Bullmoose Coal Properties comprising 2,374 hectares in the Peace River area in northeast British Columbia; a 100% interest in the Crown Mountain Coal Property covering approximately 1,001 hectares in the Elk Valley area in southeast British Columbia; a 100% interest in the Bekisopa Iron Ore property comprising approximately 2,925 square kilometers; and holds coal licenses covering approximately 3,108 hectares in the Sage Creek and Cabin Creek Coal properties located in southeast British Columbia. Cline Mining Corporation also holds interest in the URAMAD Morondava Uranium project consisting of eight exploration permits with a total area of 9,994 square kilometers. The company is headquartered in Sudbury, Canada. With 76.4 million shares outstanding and 2,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CLNMF. According to quarterly data provided by the SEC, there were still 90,000 shares of CLNMF that were failing-to-deliver as of August 14, 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 2,050,000,000 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.

For full details for BULPY click here.

    


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