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BUYINS.NET: SBBFF, CGMC, VSTL, DFCLQ, NILSY, SCGLY Have Also Been Added To Naked Short List Today

Mon. September 29, 2008; Posted: 04:02 AM
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Sep 29, 2008 (M2 PRESSWIRE via COMTEX) -- VSTLE | 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: Sabina Silver Corporation (OTC: SBBFF), Congoleum Corp. (OTC: CGMC), Vistula Communications Services Inc. (OTC: VSTL), Delta Financial Corp. (OTC: DFCLQ), Norilsk Nickel (OTC: NILSY), Societe Generale Group (OTC: SCGLY). 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.

Sabina Silver Corporation (OTC: SBBFF | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, and development of mineral properties in Canada. It focuses on gold, silver, and zinc properties. The company is based in London, Canada. With 66.4 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of SBBFF. According to quarterly data provided by the SEC, there were still 138,670 shares of SBBFF that were failing-to-deliver as of December 21, 2006.

Congoleum Corp. (OTC: CGMC | Quote | Chart | News | PowerRating) produces sheet and tile floor covering products for residential and commercial hard-surface flooring markets in the United States and Canada. The company also produces through-chip-inlaid sheet products. Its products are used in remodeling, manufactured housing, new construction, and commercial applications. The company was founded in 1886 and is based in Mercerville, New Jersey. On December 31, 2003, Congoleum Corporation, alongwith affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey, Trenton. With 8.27 million shares outstanding and 4,300 shares declared short as of September 2008, there is a failure to deliver in shares of CGMC. According to quarterly data provided by the SEC, there were still 29,900 shares of CGMC that were failing-to-deliver as of February 25, 2008.

Vistula Communications Services Inc. (OTC: VSTL | Quote | Chart | News | PowerRating) through its subsidiaries, provides telephone and Internet call services worldwide. It develops software systems to automate the delivery and billing of telephone service features through Web portals that guide clients through sign-up, delivery, implementation, and billing. The company's core product includes V-Cube, an Internet Protocol-P-B-X that facilitates full contact communication services, including voice, video, conferencing, call center, interactive voice response systems, and multi/sub-domain, and unified messaging across enterprise and public networks. It also offers Order-to-Cash software portal, which automates the sign-up and delivery of the V-Cube product to its customers. Vistula Communications serves carriers, service providers, transit network operators, and information technology distributors to roll out a range of managed voice over Internet protocol-based product and service offerings to their customers. The company was founded in 2002 as VCS, Inc. and changed its name to Vistula Communications Services, Inc. in 2004. Vistula Communications is based in New York, New York. With 66.97 million shares outstanding and 1.95 million shares declared short as of September 2008, there is a failure to deliver in shares of VSTL. According to quarterly data provided by the SEC, there were still 2,187,549 shares of VSTL that were failing-to-deliver as of January 2, 2008.

Delta Financial Corp. (OTC: DFCLQ | Quote | Chart | News | PowerRating) together with its subsidiaries, operates as a specialty consumer finance company that engages in the origination, securitization, and sale of nonconforming mortgage loans to individuals in the United States. The company's loan products are primarily fixed rate and secured by first mortgages on one-to-four-family residential properties. It offers mortgage loans through wholesale and retail distribution channels, such as directly from independent third-party mortgage brokers and directly from borrowers. The company, formerly known as Delta Funding Corporation, was founded in 1982 and is headquartered in Woodbury, New York. On December 17, 2007, Delta Financial Corp. along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, Wilmington. With 23.61 million shares outstanding and 2.13 million shares declared short as of September 2008, there is a failure to deliver in shares of DFCLQ. According to quarterly data provided by the SEC, there were still 1,112,849 shares of DFCLQ that were failing-to-deliver as of January 2, 2008.

Norilsk Nickel (OTC: NILSY | Quote | Chart | News | PowerRating) engages in the exploration, extraction, refining, and sale of base and precious metals. It primarily produces nickel, copper, palladium, and platinum, as well as various by-products, such as cobalt, rhodium, silver, gold, tellurium, selenium, sulfur, iridium, and ruthenium. The company's Russian properties include the Taimyr Peninsula that produces copper-nickel sulfide ores from the Oktyabrsky, Talnakh, and Norilsk-1 deposits; and three mines Kola Peninsula extracting disseminated sulfide ores containing nickel, copper, and other components from the Zhdanovskoye, Zapolyarnoye, Kotselvaara, and Semiletka deposits. Its western Australian projects include Silver Swan underground nickel mine; the Black Swan open pit mine; Norilsk Nickel Cawse project, which includes an open pit mine and ore leaching facility; Lake Johnston's nickel concentrates; and Waterloo nickel mine. The company, through its subsidiary, Stillwater Mining Company, also produces platinum group metals, primarily palladium and platinum from Stillwater mine and East Boulder mine in Montana, the United States. It also operates in Tati Nickel site, which include Phoenix open pit nickel mine located in Botswana; Norilsk Nickel Harjavalta refinery in Finland; and Nkomati deposits in the Republic of South Africa. The company was incorporated in 1997 and is headquartered in Moscow, the Russian Federation. With 1.91 billion shares outstanding and 2.08 million shares declared short as of September 2008, there is a failure to deliver in shares of NILSY. According to quarterly data provided by the SEC, there were still 120,617 shares of NILSY that were failing-to-deliver as of December 28, 2005.

Societe Generale Group (OTC: SCGLY | Quote | Chart | News | PowerRating) together with its subsidiaries, provides various financial services worldwide. It operates in five divisions: French Networks, International Retail Banking, Financial Services, Global Investment Management and Services, and Corporate and Investment Banking. The French Networks division provides financial products and services for individuals, professionals, and business customers, including sight deposit accounts, savings accounts, life insurance products, housing loans, business loans, and cash management services. As of December 31, 2007, it operated 2,997 local branches in France. The International Retail Banking division offers banking products and services to individuals and business customers through a network of 2,795 branches in 37 locations in central and eastern Europe, the Mediterranean Basin, Africa, and French overseas territories. The Financial Services division offers vendor and equipment finance, IT asset leasing and management, operational vehicle leasing and fleet management, life and general insurance, and consumer credit services. The Global Investment Management and Services division provides asset management, private banking, securities services, custody and clearing on organized markets, and online banking services. The Corporate and Investment Banking division engages in capital market and financing activities for corporate clients, financial institutions, and institutional investors. It offers cash equity and equity derivates, as well as equity research services; acquisition financing and leveraged financing, advisory services for merger and acquisition and primary equity, structured finance, complementary syndication, and interest rate and currency hedging for issuers; euro bonds, syndicated loans, and export finance; and structured interest rate, currency, credit, and commodity products, as well as securitization and treasury services. The company was founded in 1864 and is headquartered in Paris, France. With 2.95 billion shares outstanding and 101,100 shares declared short as of September 2008, there is a failure to deliver in shares of SCGLY. According to quarterly data provided by the SEC, there were still 1,798,358 shares of SCGLY that were failing-to-deliver as of January 31, 2008.

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 CGMC click here.

    


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