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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.
Blockbuster Inc. (NYSE: BBI | Quote | Chart | News | PowerRating) together with its subsidiaries, operates and franchises entertainment-related stores in the United States and internationally. It offers pre-recorded videos, as well as video games for in-store rental, sale and trade, and also sells other entertainment-related merchandise. The company also offers rental and retail movie entertainment through the Internet and by mail in the United States. Blockbuster, Inc. operates its stores under the BLOCKBUSTER brand name. The company also operates stores under the XTRA-VISION brand name in the Republic of Ireland and Northern Ireland, as well as operates freestanding and store-in-store game locations under the GAME RUSH brand in Canada, Italy, Mexico, and Denmark. As of January 6, 2008, it operated approximately 7,800 stores in the United States, its territories, and 21 other countries. The company was founded in 1982 and is headquartered in Dallas, Texas. With 197.34 million shares outstanding and 54.48 million shares declared short as of September 2008, the failure to deliver in shares of BBI has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 23,501,786 shares of BBI that were failing-to-deliver as of October 12, 2004.
GTx Inc. (NASDAQ: GTXI | Quote | Chart | News | PowerRating) a biopharmaceutical company, engages in the discovery, development, and commercialization of small molecules to treat cancer, osteoporosis and bone loss, muscle wasting, and other serious medical conditions in the United States. It markets FARESTON tablets for the treatment of metastatic breast cancer in postmenopausal women through wholesale drug distributors. The company's product candidate in clinical development includes ACAPODENE, a selective estrogen receptor modulator, which is in pivotal Phase III clinical trials for the treatment of multiple serious side effects of androgen deprivation therapy for advanced prostate cancer; and for the prevention of prostate cancer in high risk men with precancerous prostate lesions called high grade prostatic intraepithelial neoplasia (PIN). It also develops Ostarine, a selective androgen receptor modulator (SARM); and GTx-838 for the treatment of various indications associated with muscle wasting and bone loss, including frailty, sarcopenia, cancer cachexia, osteoporosis, and chronic kidney disease muscle wasting. In addition, GTx's preclinical pipeline includes GTx-758, an oral luteinizing hormone inhibitor for the treatment of advanced prostate cancer; and GTx-878, an estrogen receptor beta agonist for benign prostatic hyperplasia. It has collaborations with Hybritech, Inc.; diaDexus, Inc.; MacroArray Technologies, LLC; Onconome, Inc.; and Gen-Probe, Incorporated to develop an accurate blood or urine test to detect high grade PIN. GTx also has a research and development, and strategic collaboration with Merck & Co., Inc. for the development of SARMs. The company was founded in 1997 and is headquartered in Memphis, Tennessee. With 36.33 million shares outstanding and 5.81 million shares declared short as of September 2008, the failure to deliver in shares of GTXI has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 966,616 shares of GTXI that were failing-to-deliver as of June 25, 2008.
Zumiez Inc. (NASDAQ: ZUMZ | Quote | Chart | News | PowerRating) operates as a mall-based specialty retailer in the United States. It provides action sports related apparel, footwear, equipment, and accessories. The company's stores offer apparel, which includes tops, bottoms, and outerwear, as well as accessories, such as caps, belts, and sunglasses; footwear, which primarily consists of athletic shoes and sandals; equipment, including skateboards, snowboards, boots, bindings, and components; and other items, such as miscellaneous novelties and DVDs to young men and women between the ages of 12 and 24. Its stores also provide private label products across various apparel product categories. As of February 2, 2008, Zumiez operated 285 stores primarily located in shopping malls in 27 states. In addition, it sells products directly through its Web site, www.zumiez.com. The company was founded in 1978 and is based in Everett, Washington. With 29.4 million shares outstanding and 4.11 million shares declared short as of September 2008, the failure to deliver in shares of ZUMZ has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 515,824 shares of ZUMZ that were failing-to-deliver as of February 15, 2008.
Competitive Companies Inc. (OTCBB: CCOP | Quote | Chart | News | PowerRating) through its subsidiaries, provides telecommunications products and services in the United States. The company offers local telephone, domestic and international long distance telephone, and cable television services, as well as voice, data, and digital subscriber line Internet services primarily to the residents of apartment complexes, retail businesses, and residential users in California, Alabama, and Mississippi. It also provides toll-free or 800 service. Competitive Companies is headquartered in Riverside, California. With 56.76 million shares outstanding and 33,700 shares declared short as of September 2008, the failure to deliver in shares of CCOP has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 118,265 shares of CCOP that were failing-to-deliver as of April 16, 2008.
Pop N Go, Inc. (OTCBB: POPN | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the manufacture and development of coin-operated popcorn machines principally in the United States. It principal product includes Pop N Go, a hot air-based popcorn vending machine. These machines are located in shopping centers, schools, convenience stores, supermarkets, bowling alleys, car washes, and military bases, as well as in a range of other retail, industrial, and office locations. The company sells its machines to distributors and retail establishments. It also sells its products in Mexico, Canada, China, Cyprus, Korea, Lebanon, Venezuela, Australia, and Israel. The company was founded in 1996 and is based in Whittier, California. With 462.11 million shares outstanding and an undisclosed short position, the failure to deliver in shares of POPN has not been resolved and a buy-in is possible. According to quarterly data provided by the SEC, there were still 19,441,527 shares of POPN that were failing-to-deliver as of May 13, 2008.
Nautilus Minerals Inc (OTC: NUSMF | Quote | Chart | News | PowerRating) engages in the exploration of the ocean floor for gold, copper, zinc, and silver seafloor massive sulphide deposits. It primarily focuses on the Solwara 1 project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. The Company holds approximately 370,000 square kilometers of tenement licenses and exploration applications in the territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, and New Zealand along the western Pacific Ocean's Rim of Fire. Nautilus Minerals is based in Vancouver, Canada. With 145.9 million shares outstanding and 11,700 shares declared short as of September 2008, the failure to deliver in shares of NUSMF has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 280,241 shares of NUSMF that were failing-to-deliver as of August 6, 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 2,200,000,000 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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