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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.
Western Alliance Ban Corp. (NYSE: WAL | Quote | Chart | News | PowerRating) a bank holding company, provides various banking and related services in Nevada, Arizona, California, and Colorado. Its deposit products include checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate, fixed maturity retail certificates of deposit, individual retirement accounts, and non-retail certificates of deposit, as well as non-interest bearing deposits. The company also provides various loans, including commercial and residential real estate, construction and land development, commercial, and consumer loans. Its principal types of construction loans include industrial/warehouse properties, office buildings, retail centers, medical facilities, restaurants, and single-family homes; commercial and industrial loans comprise working capital lines of credit, inventory and accounts receivable lines, equipment loans, and other commercial loans; and consumer loan portfolio consists of home equity loans and lines of credit, home improvement loans, credit card loans, new and used automobile loans, and personal lines of credit. The company also originates residential mortgage loans secured by one to four-family properties. In addition, it offers cash management, custody and investments, equipment leasing, and affinity credit card services, as well as investment advisory and wealth management services, including trust administration and estate planning. The company provides its services to businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals, and other consumers. As of December 31, 2007, it operated 39 branch offices. Western Alliance Bancorporation is headquartered in Las Vegas, Nevada. With 30.26 million shares outstanding and 3.88 million shares declared short as of July 2008, the failure to deliver in shares of WAL has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 10,530 shares of WAL that were failing-to-deliver as of September 28, 2007.
American Oil & Gas Inc (AMEX: AEZ | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, and production of crude oil and natural gas reserves in the western United States. It owns a 92.5% working interest in the Fetter project covering approximately 53,000 leased net acres located in Powder River Basin, Wyoming; a 39.1% working interest in the Krejci Oil project covering approximately 126,000 lease net acres in Niobrara County, Wyoming; and a 50% working interest in the Goliath project covering approximately 60,000 lease net acres in Williston Basin, North Dakota. The company was founded in 2000 and is based in Denver, Colorado. With 46.49 million shares outstanding and 1.69 million shares declared short as of July 2008, the failure to deliver in shares of AEZ has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 34,814 shares of AEZ that were failing-to-deliver as of September 28, 2007.
China Sky One Medical Inc. (AMEX: CSY | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the development, manufacture, marketing, and sale of over-the-counter nutritional supplements and herb based pharmaceutical and medicinal products primarily in the People's Republic of China. It offers cosmetics, medical devices, and external use medicinal or pharmaceutical external use products in various forms, including sprays, ointments and creams, powders, and patches. The company's products include sumei slim patch to foster weight loss and prevent weight gain; pain killer patch used for the treatment of various ailments, including fever, headache, dysentery, diarrhea, and stiffness and pain in the neck caused by hypertension; anti-hypertension patch that improves circulation and reduces blood pressure; dysmenorrheal patch for pain relief from dysmenorrheal in a woman's critical days, and for regulating pain and catamenia; yin ke psoriasis spray; wart removing spray; chilblain ointment; hemorrhoids ointment for sterilizing and relieving hemorrhoid symptoms, including itching, distending pain, burning, and bleeding; tinea pedis spray, ointment and powder for killing various pathogens on the skin surface and subcutaneously, such as mycete, trichopytic, staphylococcal bacteria aureus, bacillus coli, and candida albicans; dermatitis spray; dandruff treatment herbal shampoo; and runze eye drop. It also offers cardiac arrest early examination kit and kidney disease testing kit, as well as various products made from Chinese herbs and plants, including a leukoderma ointment, rheumatism spray, Coryza powder, Hircus removing spray, gonorrheal cleaning spray, a snoring retardant, deodorants, diet tea, cough arresting patch, and pharyngitis spray. In addition, the company engages in the sale of medicinal and pharmaceutical products manufactured by others. It sells products through pharmaceutical chains. The company was founded in 1994 and is headquartered in Harbin, the People's Republic of China. With 14.85 million shares outstanding and 90,700 shares declared short as of July 2008, the failure to deliver in shares of CSY has not been resolved and a buy-in is imminent.
Elixir Gaming Technologies Inc (AMEX: EGT | Quote | Chart | News | PowerRating) provides gaming technology solutions. The company, in collaboration with Elixir International, secures long-term contracts to provide turn-key solutions to 3, 4, and 5 star hotels; cruise ships; and other venues throughout Asia that seek to offer casino gaming products. It assists the venue and venue owner with the licensing and regulatory process, physical casino design, construction management, slot and game floor design layout purchases the gaming machines and systems from gaming equipment suppliers, and installs the gaming machines and systems such that the casino is delivered in a fully operational state. Elixir Gaming retains ownership of the gaming machines and systems and receives recurring daily fee of at least 20% of the net gaming win per machine and provides on-site maintenance. The company was founded in 1995. It formerly known as Casinovations Incorporated and changed its name to CVI Technology, Inc. in March 2000. Further, it changed its name to VendingData Corporation in June 2000 and to Elixir Gaming Technologies, Inc. in September 2007. The company is headquartered in Las Vegas, Nevada with additional offices in Macau, Hong Kong, the Philippines, Cambodia, and Australia. Elixir Gaming Technologies, Inc. is a subsidiary of Elixir Group Limited. With 114.96 million shares outstanding and 1.67 million shares declared short as of July 2008, the failure to deliver in shares of EGT has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 559,668 shares of EGT that were failing-to-deliver as of September 28, 2007.
GreenHunter Energy Inc (AMEX: GRH | Quote | Chart | News | PowerRating) together with its subsidiaries, focuses on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. The company's assets consist of biodiesel, methanol, and glycerin refineries, as well as a terminal storage facility in Houston, Texas; and a biomass facility in El Centro, California. It also develops wind farm projects in Montana, California, and New Mexico. GreenHunter Energy is headquartered in Grapevine, Texas. With 19.88 million shares outstanding and 83,100 shares declared short as of July 2008, the failure to deliver in shares of GRH has not been resolved and a buy-in is imminent.
Gran Tierra Energy Inc (AMEX: GTE | Quote | Chart | News | PowerRating) an independent energy company, engages in oil and gas exploration, development, and production in Colombia, Argentina, and Peru. It owns 14% interest in the Palmar Largo joint venture comprising 341,500 acres in the Noroeste Basin of northern Argentina. The company also holds 100% working interest in the Nacatimbay block, 100% working interest in the Ipaguazu block, and 50% working interest in the El Vinalar Block, as well as certain working interests in four additional properties at Chivil, Surubi, Valle Morado, and Santa Victoria, all of which are located in Argentina. Gran Tierra Energy also holds various property interests in Colombia, including a 35% interest in Santana block that covers 1,119 acres and includes 15 producing wells in Linda, Mary, Miraflor, and Toroyaco fields; a 35% participation interest in Guayuyaco block covering 52,366 acres; and operational interest in Rio Magdalena block comprising 144,670 acres. In addition, it holds a 50% participation interest in Chaza block that covers 80,242 acres; 20% working interest and operational interest in Talora block comprising 108,334 acres; and 55% participation interest in Primavera contract consisting of 359,064 acres in the Llanos basin, all of which are located in Colombia. Further, the company has interests in Azar property; Mecaya Exploration and Exploitation contract; and two technical evaluation areas in the Putumayo Basin, all which are located in Colombia. Additionally, Gran Tierra Energy holds interests in block 122 and block 128, both located in the eastern flank of the Maranon Basin in northern Peru. The company was founded in 2005 and is headquartered in Calgary, Canada. With 104.85 million shares outstanding and 1.25 million shares declared short as of July 2008, the failure to deliver in shares of GTE 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 2,050,000,000 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.
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