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BUYINS.NET: CHCI, SNIC, RDEA, WFMI, INBG, QMNM Have Also Been Added To Naked Short List Today

Tue. July 29, 2008; Posted: 09:53 AM
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Jul 29, 2008 (M2 PRESSWIRE via COMTEX) -- WFMI | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Comstock Homebuilding Companies Inc. (NASDAQ: CHCI), Sonic Solutions (NASDAQ: SNIC), Ardea Biosciences Inc. (NASDAQ: RDEA), Whole Foods Market Inc. (NASDAQ: WFMI), International Building Technologies Group Inc. (OTCBB: INBG), Quest Minerals & Mining Corp. (OTCBB: QMNM). 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.

Comstock Homebuilding Companies Inc. (NASDAQ: CHCI | Quote | Chart | News | PowerRating) operates as a real estate developer in the United States. The company primarily develops and builds single-family homes, townhouses, mid-rise condominiums, high-rise multi-family buildings, and mixed-use developments in suburban communities and high density urban infill areas. It serves first-time, early move-up, secondary move-up, and empty nester move-down buyers primarily located in Washington, D.C.; Raleigh, North Carolina; Atlanta; and Georgia markets. The company also engages in the development, redevelopment, and construction of residential mid-rise and high-rise condominium complexes. As of December 31, 2007, Comstock Homebuilding built and delivered approximately 5,000 homes. The company was founded in 1985. It was formerly known as Comstock Companies, Inc. and changed its name to Comstock Homebuilding Companies, Inc. in 2004. The company is headquartered in Reston, Virginia. With 15.01 million shares outstanding and 1.12 million shares declared short as of July 2008, there is a failure to deliver in shares of CHCI. According to quarterly data provided by the SEC, there were still 30,829 shares of CHCI that were failing-to-deliver as of September 28, 2007.

Sonic Solutions (NASDAQ: SNIC | Quote | Chart | News | PowerRating) engages in the development and marketing of computer software related to digital media for consumer and professional end users. Its software and services enable the creation, design, management, and delivery of data, photographs, audio, interactive features, and video in digital formats in various playback platforms, including Internet, broadcast, mobile, and optical disc formats, such as compact audio discs, digital video discs, and Blu-ray discs. The company operates in two segments: Consumer and Professional. The Consumer segment includes the Roxio Division, which offer consumer digital media software products under the Roxio brand name; and Advanced Technology Group, which develops software components for its operating units, as well as for licensing to PC and CE application developers under Roxio, AuthorScript, CinePlayer, and Qflix brand names. It sells and markets its products through original equipment manufacturer; suppliers of related products; volume licensing programs; Web store; and retail resellers. The Professional segment develops, sells, and provides technical support for a range of authoring solutions that enable commercial content owners, such as Hollywood motion picture studios to create and distribute high-end commercially released packaged media DVD-videos, Blu-ray discs, and other titles to mass consumer markets worldwide. It markets and sells its products under the Scenarist, CineVision, and DVDit product names; and Sonic and Roxio Professional brand names. This segment also sells content development technology, products, and services under and InterActual brand names; and licenses and/or bundles its professional authoring products to third party companies. The company was founded in 1986 and is headquartered in Novato, California. With 26.38 million shares outstanding and 6.78 million shares declared short as of July 2008, there is a failure to deliver in shares of SNIC. According to quarterly data provided by the SEC, there were still 34,246 shares of SNIC that were failing-to-deliver as of September 28, 2007.

Ardea Biosciences Inc. (NASDAQ: RDEA | Quote | Chart | News | PowerRating) a biotechnology company, engages in the discovery and development of small-molecule therapeutics for the treatment of HIV, cancer, and inflammatory diseases in the United States. Its product portfolio comprises RDEA806, which is in Phase 2a clinical trials for the treatment of HIV and is entering Phase 2 clinical trials for the treatment of gout; 2nd Generation NNRTI Program that is entering Phase 0 clinical trials for the treatment of HIV; RDEA119, which is in Phase 1 clinical trials for the treatment of cancer and is entering Phase 1 clinical trials for the treatment of inflammation; and 2nd Generation MEK Inhibitor Program that is in Phase 0 clinical trials for the treatment of cancer/inflammation. The company is headquartered in San Diego, California. With 13.35 million shares outstanding and 276,600 shares declared short as of July 2008, there is a failure to deliver in shares of RDEA.

Whole Foods Market Inc. (NASDAQ: WFMI | Quote | Chart | News | PowerRating) and its subsidiaries engage in the ownership and operation of natural and organic foods supermarkets. It offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, specialty (beer, wine, and cheese), whole body (nutritional supplements, vitamins, body care, and educational products), floral, pet products, and household products. As of May 13, 2008, the company operated 269 stores in the United States, Canada, and the United Kingdom. Whole Foods Market was founded in 1978 and is based in Austin, Texas. With 140.21 million shares outstanding and 23.55 million shares declared short as of July 2008, there is a failure to deliver in shares of WFMI. According to quarterly data provided by the SEC, there were still 40,988 shares of WFMI that were failing-to-deliver as of September 28, 2007.

International Building Technologies Group Inc. (OTCBB: INBG | Quote | Chart | News | PowerRating) engages in the manufacture and sale of light weight building panels used in construction worldwide. It also provides customers with architectural design, panel supply, installation supervision, engineering, training, and technical support. The company's building panels have applications in residential homes, schools, high rise buildings, churches, condominiums, mining shafts, hospitals, fences and walls, vacation lodges, medical care centers, and community buildings. International Building Technologies Group is based in Alameda, California with an additional office in Shanghai, the People's Republic of China. With 113.09 million shares outstanding and 913,100 shares declared short as of July 2008, there is a failure to deliver in shares of INBG.

Quest Minerals & Mining Corp. (OTCBB: QMNM | Quote | Chart | News | PowerRating) engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It holds approximately 30 coal leases covering an area of 700 acres located in Pike County, Kentucky. The company is based in Paterson, New Jersey. With 213.37 million shares outstanding and 743,900 shares declared short as of July 2008, there is a failure to deliver in shares of QMNM.

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 on Ardea Biosciences Inc (RDEA) click here. Ardea Biosciences Inc (RDEA) has Short Term PowerRatings of 3. Details on Ardea Biosciences Inc (RDEA) Short Term PowerRatings is available at This Link.

    


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