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Prospect Capital Corp. (NASDAQ: PSEC | Quote | Chart | News | PowerRating) is a private equity firm specializing in private mezzanine debt, senior secured debt, senior unsecured debt, publicly traded high-yield debt, bridge loans, private equity, and public equity, using both partnership and publicly traded closed-end structures. The firm typically makes equity investments in energy related companies with a focus on upstream, midstream, and downstream or power companies and assets, as well as other energy-related businesses that transact with the direct energy value chain. It primarily invest in oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, and oilfield services. The firm prefers to invest in the United States and Canada region. It seeks to invest between $5 million to $100 million in companies with EBITDA between $4 million and $75 million, Sales Value upto $500 million, and Enterprise Value of upto $250 million. The firm also co-invests for larger deals. Prospect Capital Corporation was founded in 1988 and is based in New York, New York. With 29.52 million shares outstanding and 1.42 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of PSEC. According to quarterly data provided by the SEC, there were still 479,428 shares of PSEC that were failing-to-deliver as of June 28, 2007.
TowneBank (NASDAQ: TOWN | Quote | Chart | News | PowerRating) through its subsidiaries, engages in retail and commercial banking business. The company serves the financial needs of small and medium size businesses, professionals, and individuals in the Greater Hampton Roads region in southeastern Virginia. Its deposits products include demand deposits, interest-bearing checking accounts, money market deposit accounts, and time deposits. TowneBank's loan portfolio primarily comprises consumer loans, such as auto, boat, and personal loans; home and business equity loans; lot acquisition financing; construction loans; and mortgage/real estate loans; working capital loans; business equity loans; business installment loans; letters of credit; construction/permanent mortgage; and personal, home, and business equity lines of credit. It also provides residential real estate services, which comprise real estate sales, relocation, property management, title insurance, and related settlement services; insurance products; treasury services; merchant services; employee benefits plans; and investment and asset management services, as well as originates mortgage loans and sells in secondary market. In addition, the company provides automated teller machines, debit, credit, and merchant card facilities. It operates 17 banking offices in Chesapeake, Hampton, Portsmouth, Newport News, Virginia Beach, Norfolk, Williamsburg, and York County. The company was founded in 1998 and is headquartered in Portsmouth, Virginia. With 24.04 million shares outstanding and 1.31 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TOWN. According to quarterly data provided by the SEC, there were still 70,940 shares of TOWN that were failing-to-deliver as of June 30, 2008.
United Community Banks Inc. (NASDAQ: UCBI | Quote | Chart | News | PowerRating) operates as multi-bank holding company that provides retail and corporate banking services in the United States. Its deposit products include interest-bearing and non interest bearing deposits, NOW accounts, money market accounts, checking accounts, savings deposits, time deposits, and brokered deposits. The company's loan portfolio comprises commercial and industrial loans; construction and land development loans; secured and unsecured loans, including first and second real estate mortgage loans to individuals, firms, and corporation; installment loans; and residential mortgage loans. It also offers wire transfers and brokerage services. In addition, the company, through its non-bank subsidiary, Brintech, Inc., offers various services to the financial services industry, including consulting, advisory, and implementation services in the areas of strategic planning, profitability improvement, technology, efficiency, security, risk management, network, Internet banking, marketing, core processing, and telecommunications; and insurance agency services. Further, it provides retail brokerage services through an affiliation with a third party broker/dealer. As of April 24, 2008, the company operated 109 banking offices located in north Georgia, the Atlanta region, coastal Georgia, western North Carolina, and east Tennessee. United Community Banks was founded in 1950 and is headquartered in Blairsville, Georgia. With 47.48 million shares outstanding and 9.66 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of UCBI. According to quarterly data provided by the SEC, there were still 1,069,972 shares of UCBI that were failing-to-deliver as of June 12, 2008.
FTS Group Inc. (OTCBB: FLIP | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the distribution of next generation wireless communications and entertainment products and services for businesses and consumers in the United States. The company operates as a regional service provider and retail distributor of satellite television systems and services for DISH Networks. It installs satellite television systems sold by DISH networks, as well as markets, sells, and installs satellite systems for DISH Networks through its retail location in Indiana, Pennsylvania. The company also distributes wireless communications products, such as cell phones, personal digital assistants, and related communication devices and accessories through a chain of retail locations to customers in the Gulf Coast region of Florida and nationally over the Internet through its e-store CellChannel.com. It has strategic partnerships with Metro PCS; and DISH Networks. FTS Group, Inc. was founded in 1997. It was formerly known as FTS Apparel, Inc. and changed its name to FTS Group, Inc. in 2004. The company is based in Oldsmar, Florida. With 174.21 million shares outstanding and 2.4 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of FLIP. According to quarterly data provided by the SEC, there were still 29,870,943 shares of FLIP that were failing-to-deliver as of April 8, 2008.
Global Med Technologies Inc. (OTCBB: GLOB | Quote | Chart | News | PowerRating) designs, develops, markets, and supports information management software products for blood banks, hospitals, centralized transfusion centers, and other health care related facilities in the United States, Africa, Canada, and the Caribbean. Its products include SafeTrace, which is used to assist community blood centers, hospitals, plasma centers, and outpatient clinics for the collection and management of blood and blood products; SafeTrace Tx, a transfusion management information system designed for hospitals and centralized transfusion centers to enable the quality of blood transfused into patient-recipients; and ElDorado Donor, a blood management software application designed to provide the information system needs of blood banks and donor centers. The company, through its subsidiary, PeopleMed.com, Inc., (PeopleMed) develops a software application designed to provide HMO providers and other third party payers access to clinical information for chronic disease patients. PeopleMed supports chronic disease management as an application service provider and its system uses the Internet to co-ordinate sources of information and users of a patient's clinical information, including laboratory, pharmacy, primary and specialty care providers, claims, and medical records. Global Med Technologies also involves in licensing software; the provision of maintenance, consulting, and support services; and in the resale of software obtained from vendors. The company was founded in 1989 and is based in Lakewood, Colorado. With 30.45 million shares outstanding and 40,600 shares declared short as of September 2008, there is no longer a failure to deliver in shares of GLOB. According to quarterly data provided by the SEC, there were still 725,297 shares of GLOB that were failing-to-deliver as of January 10, 2008.
Xinhua China Ltd. (OTCBB: XHUA | Quote | Chart | News | PowerRating) operates as a co-publishing and digital media company. It engages in Internet book distribution business. The company is based in Beijing, the People's Republic of China. With 54.64 million shares outstanding and 1,200 shares declared short as of September 2008, there is no longer a failure to deliver in shares of XHUA. According to quarterly data provided by the SEC, there were still 10,208,646 shares of XHUA that were failing-to-deliver as of April 18, 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 2,200,000,000 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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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
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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