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BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX | Quote | Chart | News | PowerRating) a biotechnology company, engages in the design, optimization, and development of novel drugs that block enzymes involved in cancer, viral infections, cardiovascular diseases, and autoimmune diseases. The company integrates the disciplines of biology, crystallography, medicinal chemistry, and computer modeling to use structure-based drug design to discover and develop small molecule pharmaceuticals. Its products include forodesine HCl, a transition-state analog inhibitor of the target enzyme purine nucleoside phosphorylase (PNP), which is in Phase IIb trial for patients with Cutaneous T-cell Lymphoma (CTCL), and in a Phase II trial with an oral formulation in Chronic Lymphocytic Leukemia (CLL). The company's forodesine HCl product is used for three indications: T-cell non-Hodgkin lymphoma, including CTCL; CLL and related leukemias, including T-cell prolymphocytic leukemia, adult T-cell leukemia, and hairy cell leukemia; and for treatment of B-cell acute lymphoblastic leukemia. It also develops peramivir, an inhibitor of influenza neuraminidase, which is in Phase II clinical trial for the treatment of influenza with two parenteral formulations, intramuscular, and intravenous; and BCX-4208/R3421, a second generation PNP inhibitor, which is in Phase II clinical trial for the prevention of acute rejection in transplantation and for the treatment of autoimmune diseases. It has collaborative and other research and development contracts with Shionogi & Co., Ltd.; U.S. Department of Health and Human Services; Green Cross Corporation; Mundipharma International Holdings Limited; F.Hoffmann-La Roche, Ltd.; Hoffman-La Roche, Inc.; Albert Einstein College of Medicine of Yeshiva University; Industrial Research, Ltd.; The University of Alabama; Emory University; and Novartis Corporation. The company was founded in 1986 and is based in Birmingham, Alabama. With 38.08 million shares outstanding and 2.21 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of BCRX. According to quarterly data provided by the SEC, there were still 35,976 shares of BCRX that were failing-to-deliver as of September 28, 2007.
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 1.1 million shares declared short as of July 2008, there is no longer 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.
First Regional Bancorp (NASDAQ: FRGB | Quote | Chart | News | PowerRating) operates as the bank holding company for First Regional Bank, which provides commercial banking services to professionals and businesses in California. The company accepts non-interest bearing demand deposits, savings and NOW accounts, money market accounts, and time certificates of deposits. It also offers real estate, government guaranteed, and real estate construction loans, as well as commercial loans for commercial and industrial borrowers, which includes equipment financing and short-term loans. In addition, the company provides telephone transfers, wire transfers, and travelers checks; and credit card deposit and clearing services for retailers and other businesses. Further, it provides administrative services for self directed retirement plans, as well as trust services for living trusts, investment agency accounts, IRA rollovers, and all forms of court-related matters. First Regional Bancorp has regional offices located in the California cities of Irvine, Glendale, Santa Monica, Torrance, Encino, Hollywood, Downtown Los Angeles, Anaheim, and Westlake Village. The company was founded in 1979 and is headquartered in Los Angeles, California. With 11.81 million shares outstanding and 638,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of FRGB. According to quarterly data provided by the SEC, there were still 10,400 shares of FRGB that were failing-to-deliver as of September 18, 2007.
Gateway Financial Holdings Inc. (NASDAQ: GBTS | Quote | Chart | News | PowerRating) operates as the bank holding company for Gateway Bank & Trust Co. that offers commercial and retail banking services. It primarily engages in generating deposits and originating loans. The company's deposit products include savings, NOW, money market, and time accounts. Its lending portfolio comprises short- to medium-term commercial and industrial, real estate, agricultural, small business administration guaranteed, farmers home administration guaranteed, mortgage, construction, personal loans, and secured and unsecured loans. The bank also offers a range of products and services, including Internet banking, direct deposit, travelers' checks, safe deposit boxes, United States savings bonds, and automatic account transfer services. In addition, it provides securities brokerage, title insurance, and settlement services for real estate transactions; property, casualty, life, and health insurance products to businesses and individuals; and various mortgage products. As of July 30, 2008, Gateway Financial Holdings operated 37 full-service financial centers in Virginia and North Carolina. The company was founded in 1998 and is headquartered in Raleigh, North Carolina. With 12.67 million shares outstanding and 764,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of GBTS.
Preferred Bank (NASDAQ: PFBC | Quote | Chart | News | PowerRating) operates as an independent commercial bank in California. It provides various deposit services, as well as real estate finance, commercial loans, and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company's deposit products include regular checking, savings, and NOW and money market deposit accounts; fixed-rate and fixed maturity retail certificates of deposits; individual retirement accounts; and non-retail certificates of deposits. Its lending activities comprise real estate mini-permanent loans; real estate construction loans; commercial loans; and trade finance. It also offers Internet banking services. As of December 31, 2007, Preferred Bank operated a main office in downtown Los Angeles, California; and 11 full-service branch offices in Los Angeles and Orange Counties. The company was founded in 1991 and is headquartered in Los Angeles, California. With 9.76 million shares outstanding and 1.63 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of PFBC. According to quarterly data provided by the SEC, there were still 14,137 shares of PFBC that were failing-to-deliver as of August 15, 2007.
PCM Fund Inc. (NYSE: PCM | Quote | Chart | News | PowerRating) operates as a closed-end, nondiversified investment management company. It primarily invests in commercial mortgage-backed securities, as well as in corporate bonds and notes, asset-backed securities, and short-term instruments. The trust's investment manager is Pacific Investment Management Company LLC. PIMCO Commercial Mortgage Securities Trust was formed in 1993 and is based in Newport Beach, California. With 11.35 million shares outstanding and 92,600 shares declared short as of July 2008, there is no longer a failure to deliver in shares of PCM. According to quarterly data provided by the SEC, there were still 12,177 shares of PCM that were failing-to-deliver as of September 24, 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 2,100,000,000 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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