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BUYINS.NET: GU, IMB, FPP, IIG, LEI, ARWR Have Been Removed From Naked Short List Today

Tue. July 15, 2008; Posted: 01:34 PM
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Jul 15, 2008 (M2 PRESSWIRE via COMTEX) -- IMB | 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: Gushan Environmental Energy Ltd. (NYSE: GU), Indymac Bancorp Inc. (NYSE: IMB), FieldPoint Petroleum Corp. (AMEX: FPP), iMergent Inc (AMEX: IIG), Lucas Energy Inc. (AMEX: LEI), Arrowhead Research Corp. (NASDAQ: ARWR). 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.

Gushan Environmental Energy Ltd. (NYSE: GU | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the production of biodiesel and biodiesel by-products in the People's Republic of China. Its biodiesel by-products include glycerine, plant asphalt, erucic acid, and erucic amide. The company's biodiesel by-products are used in food, pharmaceutical, and manufacturing industries for various commercial applications. Gushan Environmental Energy Limited sells its products to direct users, including marine vessel operators, petroleum wholesalers, and individual retail gas stations. The company was founded in 2001 and is headquartered in Fuzhou City, the People's Republic of China. With 18 million shares outstanding and 523,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of GU.

Indymac Bancorp Inc. (NYSE: IMB | Quote | Chart | News | PowerRating) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank that provides mortgage products and services in the United States. It operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages. This segment also originates or purchases mortgage loans through its relationships with mortgage brokers, mortgage bankers, and financial institutions, as well as offers mortgages and reverse mortgages to consumers through direct mails, Internet leads, online advertising, affinity relationships, retail banking branches, and real estate professionals. The Thrift segment offers single-family residential mortgage loans, as well as provides construction financing for individual consumers for building a primary residence or second home. As of December 31, 2007, the bank operated through a network of 33 branches in southern California. The company was founded in 1985 and is headquartered in Pasadena, California. With 100.89 million shares outstanding and 33.69 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of IMB. According to quarterly data provided by the SEC, there were still 3,433,752 shares of IMB that were failing-to-deliver as of September 28, 2007.

FieldPoint Petroleum Corp. (AMEX: FPP | Quote | Chart | News | PowerRating) engages in the acquisition, operation, and development of oil and natural gas properties in the United States. Its properties are primarily located in Louisiana, New Mexico, Oklahoma, South-Central Texas, and Wyoming. As of December 31, 2007, the company had proved developed reserves of 769,319 barrels of oil and 1,785,240 thousand cubic feet gas; and proved undeveloped reserves of 115,930 barrels of oil and 958,021 thousand cubic feet gas reserves. It also had varying ownership interest in 359 gross productive wells. The company was founded in 1980 and is based in Cedar Park, Texas. With 8.91 million shares outstanding and 9,600 shares declared short as of May 2008, there is no longer a failure to deliver in shares of FPP.

iMergent Inc (AMEX: IIG | Quote | Chart | News | PowerRating) an e-services company, offers e-commerce technology, training, and Web-based technologies and resources to small businesses and entrepreneurs. Its solutions enable its customers to market and sell their business products or ideas via the Internet. The company offers the StoresOnline software and Web site development platform that enables customers to develop Internet Web sites for commerce. It also provides Web site setup, customer support, Web hosting, and marketing services. In addition, iMergent offers online auction training workshops to instruct participants on selling products and services through online auctions. It operates in the United States, Canada, the United Kingdom, Australia, New Zealand, Singapore, and Malaysia. The company was founded in 1995 and is headquartered in Orem, Utah. With 11.31 million shares outstanding and 2.83 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of IIG. According to quarterly data provided by the SEC, there were still 314,363 shares of IIG that were failing-to-deliver as of September 28, 2007.

Lucas Energy Inc. (AMEX: LEI | Quote | Chart | News | PowerRating) through its subsidiary, operates as an independent oil and gas company. The company engages in the exploration and production of oil and natural gas. It focuses on building and revitalizing a diversified portfolio of oil and gas production assets located in Texas, as well as seek to acquire underperforming oil and gas assets. The company holds working interests Hines, Cone-Dubose, Hindman No.1, and Hindman No.2 wells in Gonzales County, Texas; Paul A. Foerster No.1, Hindes No.1, and Matthews No.1 wells in Atascosa County, Texas; Team Bank property in Wilson County, Texas; Griffin lease in the area of Gonzales, Texas; Delphic Assets located in Gonzales, Texas; and Wilson wells and properties located in Texas. The company sells crude oil and natural gas to oil purchasers and natural gas marketing companies. As of December 31, 2007, it owned and operated 35 producing oil and gas wells located in Texas. The company was founded in 2004 and is based in Houston, Texas. With 10.21 million shares outstanding and 400 shares declared short as of May 2008, there is no longer a failure to deliver in shares of LEI.

Arrowhead Research Corp. (NASDAQ: ARWR | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the identification, development, and commercialization of nanotechnology-related products and applications in the in the areas of life sciences, electronics, and energy. The company has developed Cyclosert, a proprietary drug delivery platform technology based on a nano-engineered class of linear cyclodextrin-containing polymers. Its lead anti-cancer drug candidate IT-101 is a combination of Cyclosert and the potent anti-cancer drug, camptothecin, is under Phase I clinical trials. Arrowhead Research also focuses on the design, development, and commercialization of novel RNA interference (RNAi) therapeutics to treat diseases and other medical conditions by combining RNAi therapeutics with patented and proprietary delivery technologies. Its CALAA-01 product is a formulation of proprietary delivery technology with a siRNA duplex targeting the M2 subunit of ribonucleotide reductase. In addition, the company engages in the manufacture and application of carbon nanotubes-based products for the electronics industry. Further, it focuses on developing and commercializing products for the health care industry based on modified buckministerfullerenes. These product candidates include therapeutic skin creams, cancer therapies, and drugs targeting central nervous system disorders. Arrowhead Research is also developing semiconductor nanomaterials, such as engineered wafers that comprise thin films of materials suitable for LED fabrication. The company was founded in 2003 and is headquartered in Pasadena, California. With 38.77 million shares outstanding and 2.81 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of ARWR. According to quarterly data provided by the SEC, there were still 29,938 shares of ARWR that were failing-to-deliver as of September 28, 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. IIG has previously paid a $5,970.00 data fee to BUYINS.NET. 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 ARWR click here.

    


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