Quantcast
 
Annual return of 118.79% - See How  Click here now!


 

BUYINS.NET: CHTT, FTWR, MBRK, MFNC, TRMA, BMRX Have Also Been Added To Naked Short List Today

Fri. September 19, 2008; Posted: 10:58 AM
Stocks RSS
Sep 19, 2008 (M2 PRESSWIRE via COMTEX) -- TRMA | 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: Chattem Inc. (NASDAQ: CHTT), FiberTower Corp. (NASDAQ: FTWR), MiddleBrook Pharmaceuticals Inc. (NASDAQ: MBRK), Mackinac Financial Corp. (NASDAQ: MFNC), Trico Marine Services Inc. (NASDAQ: TRMA), bioMETRX Inc. (OTCBB: BMRX). 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.

Chattem Inc. (NASDAQ: CHTT | Quote | Chart | News | PowerRating) operates as the holding company for Teche Federal Bank that offers various financial services in Louisiana, the United States. The company primarily engages in generating deposits and originating loans. Its deposit products include regular savings, demand accounts, NOW accounts, and certificates of deposit. The company's lending activities comprise land loans; mortgage loans, including one- to four-family loans and multi-family loans; construction loans; commercial real estate loans; commercial non-real estate loans; and consumer loans consisting of loans secured by deposits, home equity loans, automobile loans, mobile home loans, and unsecured personal consumer loans. As of November 30, 2007, it operated 20 offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry, East Baton Rouge, and Ascension. The company was founded in 1934 and is based in New Iberia, Louisiana. With 18.77 million shares outstanding and 5.86 million shares declared short as of September 2008, there is a failure to deliver in shares of CHTT. According to quarterly data provided by the SEC, there were still 23,826 shares of CHTT that were failing-to-deliver as of September 26, 2007.

FiberTower Corp. (NASDAQ: FTWR | Quote | Chart | News | PowerRating) provides facilities-based backhaul services to wireless carriers in the United States. Backhaul is the transport of voice, video and data traffic from a wireless carrier's mobile base station, or cell site, to their mobile switching center, where the traffic is then switched onto a fixed telecommunications network. As of December 31, 2007, it deployed 2,813 sites, including 2,148 billing sites. The company was incorporated in 2000 and is based in San Francisco, California. With 150.42 million shares outstanding and 8.44 million shares declared short as of September 2008, there is a failure to deliver in shares of FTWR. According to quarterly data provided by the SEC, there were still 26,195 shares of FTWR that were failing-to-deliver as of September 28, 2007.

MiddleBrook Pharmaceuticals Inc. (NASDAQ: MBRK | Quote | Chart | News | PowerRating) develops and commercializes anti-infective drug products for the treatment of infectious diseases. It develops a proprietary, once-a-day pulsatile delivery technology called PULSYS. The company is developing anti-infective drugs based on its novel biological finding that bacteria exposed to antibiotics in front- loaded staccato bursts than those under standard treatment regimens. Its pulsatile product candidates include MOXATAG, based on the antibiotic amoxicillin, for the treatment of pharyngitis/tonsillitis (strep throat) for adults and pediatric patients age 12 and older; and Keflex PULSYS product candidate, based on the antibiotic cephalexin, which is in Phase I clinical trials for skin and skin structure infections. In addition, MiddleBrook Pharmaceuticals sells its Keflex products in both capsule and powder formulations for the treatment of skin and skin structure infections, and upper respiratory tract infections primarily through pharmaceutical distributors and wholesalers to physicians, hospitals, and pharmacies in the United States. The company was founded in 1999. It was formerly known as Advancis Pharmaceutical Corporation and changed its name to MiddleBrook Pharmaceuticals, Inc. in 2007. MiddleBrook Pharmaceuticals is headquartered in Germantown, Maryland. With 56.08 million shares outstanding and 6.56 million shares declared short as of September 2008, there is a failure to deliver in shares of MBRK. According to quarterly data provided by the SEC, there were still 17,491 shares of MBRK that were failing-to-deliver as of September 28, 2007.

Mackinac Financial Corp. (NASDAQ: MFNC | Quote | Chart | News | PowerRating) operates as the holding company for mBank that provides commercial and retail banking services in Michigan. The company offers a range of interest bearing and non-interest bearing deposit products, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, savings accounts, time deposits, and interest bearing transaction accounts. Its loan portfolio comprises commercial and residential real estate loans; mortgage, commercial, and installment loans; commercial and governmental lease financing; financial and agricultural loans; and consumer loans, including installment, mortgages, home equity loans, and one to four family loans. The company also provides safe deposit facilities and online banking services, as well as offers relending services for nonprofit organizations. As of December 31, 2007, Mackinac Financial Corporation operated eight branch offices in the Upper Peninsula of Michigan; four branch offices located in Michigan's Lower Peninsula; and ten automated teller machines. The company was founded in 1974 and is headquartered in Manistique, Michigan. With 3.42 million shares outstanding and 100 shares declared short as of September 2008, there is a failure to deliver in shares of MFNC.

Trico Marine Services Inc. (NASDAQ: TRMA | Quote | Chart | News | PowerRating) through its subsidiaries, provides marine support vessels to the offshore oil and gas industry. Its fleet of vessels provides a range of services to offshore oil and gas operators, including the transportation of drilling materials, supplies, and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment from one location to another; and support for the construction, installation, repair, and maintenance of offshore facilities. The company also provides support for deepwater remotely operated vehicles, well stimulation, sea floor cable laying, and trenching services. As of December 31, 2007, its fleet consisted of 64 vessels, including 10 large capacity platform supply vessels, 6 large anchor handling towing and supply vessels, 41 supply vessels, 6 crew boats, and 1 line handling utility vessel, as well as 8 multi-purpose service vessels under construction. The company has operations in the North Sea, west Africa, Mexico, Brazil, southeast Asia, and the U.S. Gulf of Mexico. Trico Marine Services, Inc. was founded in 1993 and is headquartered in Houston, Texas. With 15.5 million shares outstanding and 3.05 million shares declared short as of September 2008, there is a failure to deliver in shares of TRMA. According to quarterly data provided by the SEC, there were still 12,867 shares of TRMA that were failing-to-deliver as of September 26, 2007.

bioMETRX Inc. (OTCBB: BMRX | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the design, development, engineering, and marketing of biometrics-based products for the consumer home security and consumer electronics markets in the United States. The company's product line includes biometrically enabled residential locks, central station alarm keypads, thermostats, garage/gate openers, and mailboxes, as well as kitchen, liquor, and gun cabinets under the trade name smartTOUCH. Its products utilize finger recognition technology designed to augment or replace conventional security methods, such as keys, keypads, and PIN numbers. bioMETRX markets its products through retailers, partner distribution channels, and direct to consumer sales. The company was founded in 2001 and is based in Jericho, New York. With 33.58 million shares outstanding and 54,400 shares declared short as of September 2008, there is a failure to deliver in shares of BMRX. According to quarterly data provided by the SEC, there were still 32,839 shares of BMRX 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 2,150,000,000 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 for BMRX click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [BMRX]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.