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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.
SulphCo Inc (AMEX: SUF | Quote | Chart | News | PowerRating) a development stage company, engages in the development and commercialization of technology for the upgrading of crude oil. The company's Sonocracking process is based upon the use of ultrasound, that include the application of energy and frequency sound waves, which alter the molecular structure of the crude oil, decrease the relative density and the viscosity of crude oil, and increase the amount of lighter oils that can be recovered during the refinery processes. This technology also reduces the weight percentage of sulfur and parts per million of nitrogen in the chemical composition of crude oil. Its target customers include crude oil producers, transporters and blenders, and refiners. The company was founded in 1986 and is headquartered in Houston, Texas. With 80.85 million shares outstanding and 8.02 million shares declared short as of July 2008, the failure to deliver in shares of SUF has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 479,613 shares of SUF that were failing-to-deliver as of September 28, 2007.
Banner Corp. (NASDAQ: BANR | Quote | Chart | News | PowerRating) operates as the holding company primarily for Banner Bank that provides commercial banking services to individuals, businesses, and public sector entities in the United States. It offers various deposits products, including demand checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, regular savings accounts, certificates of deposit, cash management services, and retirement savings plans. The company also offers commercial business and commercial real estate loans, agricultural business loans, construction and land development loans, one to four-family residential loans, and consumer loans. In addition, it engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of March 31, 2008, Banner Bank operated 81 branch offices and 12 loan production offices in 28 counties in Washington, Oregon, and Idaho. Banner Corporation, through its other subsidiary, Islanders Bank, also operated three locations in San Juan County, Washington. The company was founded in 1890 and is based in Walla Walla, Washington. With 15.98 million shares outstanding and 2.75 million shares declared short as of July 2008, the failure to deliver in shares of BANR has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 14,359 shares of BANR that were failing-to-deliver as of August 21, 2007.
Converted Organics Inc. Warrants (NASDAQ: COINZ) based in Boston, MA, is dedicated to producing valuable all-natural, organic soil amendment or fertilizer products through food waste recycling. The company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics plans to sell and distribute its environmentally friendly fertilizer products in the retail, turf management, and agribusiness markets. With 6,000 shares declared short as of July 2008, the failure to deliver in shares of COINZ has not been resolved and a buy-in is imminent.
Flamel Technologies S.A. (NASDAQ: FLML | Quote | Chart | News | PowerRating) a biopharmaceutical company, develops polymer-based drug delivery technologies for the improvement of medical applications in France. It offers Interferon-Alpha XL, an interferon-alpha 2b for the treatment of hepatitis C virus and various oncology applications; FT-105, a long-acting basal insulin formulation for diabetic patients; and Interleukin-2 for the treatment of renal cancer. The company also provides Coreg CR, an extended release formulation of carvedilol phosphate for use in the treatment of congestive heart failure, left ventricular dysfunction following myocardial infarction, and hypertension; and Asacard162.5mg, a controlled release formulation of aspirin designed to provide therapy for cardiovascular treatment. The company has strategic alliances with GlaxoSmithKline, Merck Serono, Wyeth Pharmaceuticals, TAP Pharmaceuticals, Ltd., Bristol-Myers Squibb, Biovail, Servier, Merck & Co., Corning S.A., Corning Incorporated, and Corning Europe, Inc. Flamel Technologies was founded in 1990 and is headquartered in Venissieux, France. With 24.05 million shares outstanding and 4.36 million shares declared short as of July 2008, the failure to deliver in shares of FLML has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 18,780 shares of FLML that were failing-to-deliver as of September 27, 2007.
GeoResources Inc. (NASDAQ: GEOI | Quote | Chart | News | PowerRating) engages in the acquisition, development, and production of crude oil, natural gas, and related products primarily in Texas, Louisiana, North Dakota, Montana, and Colorado. The company holds interests primarily in the Black Warrior Basin Fields located in Alabama and Mississippi; the Chittim Field located in Maverick County, Texas; the Driscoll Field located in Duval County, Texas; the Eloi Bay Field complex located in state waters offshore St. Bernard Parish, Louisiana; the Frisco and Fordoche Fields located in Pointe Coupee Parish, Louisiana; and the Giddings Field located in Brazos, Burleson, Fayette, Grimes, Lee, and Washington Counties, Texas. It also owns interest in the Harris Field located in Gaines County, Texas; the Landa Field located in Bottineau County, North Dakota; the MAK Field located in Andrews County, Texas; the New Mexico Fields located in Eddy and Lea Counties, New Mexico; the Odem Field located in San Patricio County, Texas; and the Quarantine Bay Field located in State waters offshore Plaquemines Parish, Louisiana. In addition, the company holds interests in the Sherman/Wayne Fields located in Bottineau County, North Dakota; the St. Martinville Field located in St. Martin Parish, Louisiana; and the Starbuck Field located in Bottineau County, North Dakota. As of December 31, 2007, GeoResources, Inc. had estimated proved reserves of approximately 10,744,079 bbls of oil; and 29,810,318 mcf of gas. It had total net acreage of approximately 151,515 developed acres; and 56,689 undeveloped acres. The company was founded in 2004 and is headquartered in Houston, Texas. With 14.7 million shares outstanding and 841,400 shares declared short as of July 2008, the failure to deliver in shares of GEOI has not been resolved and a buy-in is imminent.
Lamar Advertising Company (NASDAQ: LAMR | Quote | Chart | News | PowerRating) together with its subsidiaries, provides outdoor advertising services in the United States, Canada, and Puerto Rico. It offers outdoor advertising displays, such as billboards, including bulletins and posters; logo signs; and transit advertising displays. The company offers its services to restaurants, retailers, automotive, real estate companies, health care, gaming, service, hotels and motels, telecommunications, and amusement industries. As of December 31, 2007, it owned and operated approximately 151,000 billboard advertising displays in 44 states, Canada, and Puerto Rico; approximately 100,000 logo advertising displays in 19 states and the province of Ontario, Canada; and approximately 28,500 transit advertising displays in 17 states, Canada, and Puerto Rico. The company was founded in 1989 and is headquartered in Baton Rouge, Louisiana. With 92.36 million shares outstanding and 22.62 million shares declared short as of July 2008, the failure to deliver in shares of LAMR has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 71,365 shares of LAMR that were failing-to-deliver as of September 26, 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
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HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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