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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 no longer 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.
Crystal International Travel Group Inc. (OTC: CINT | Quote | Chart | News | PowerRating) operates as a multi-asset travel company. The company offers products and services to address price stability in the travel industry with a focus on higher income, frequent, leisure travelers. Crystal offers IntelliFares, a service that provides five years of air travel at a fixed price. The IntelliFares flat pricing model enables consumers to engage in multi-year marketing programs with travel product retailers. The company intends to distribute its product through traditional travel supplier networks, including airlines, online and off line travel agencies, cruise lines, time share developers, and sellers. Additionally, Crystal owns and operates a travel agency business. The company is based in Morristown, New Jersey. With 41.58 million shares outstanding and 2.54 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of CINT. According to quarterly data provided by the SEC, there were still 4,088,966 shares of CINT that were failing-to-deliver as of November 21, 2007.
Poseidis Inc. (OTC: PSED | Quote | Chart | News | PowerRating) a development stage company, together with its subsidiary Montespan SAS, engages in the development of a sparkling mineral water spring in central France known as the La Troliere Spring. The company intends to develop and market a new brand of sparkling natural mineral water under the brand name l' Eau de Montespan', as well as other beverage products utilizing the mineral water drawn from the La Troliere Spring. It would sell these products in France, Canada, the United Kingdom, Italy, Spain, Germany, and the United States. Poseidis is based in West Palm Beach, Florida. With 135.51 million shares outstanding and 12,300 shares declared short as of September 2008, there is no longer a failure to deliver in shares of PSED. According to quarterly data provided by the SEC, there were still 400,234 shares of PSED that were failing-to-deliver as of October 11, 2007.
Remy Intl Inc Common (OTC: RMYI | Quote | Chart | News | PowerRating) engages in the design, manufacture, remanufacture, marketing, and distribution of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks, and other vehicles. It also provides core exchange services for aftermarket products. The company's products include light duty and heavy-duty starters, and alternators for the original equipment and the remanufactured markets; and hybrid transmission components, as well as remanufactured locomotive power, marine, and industrial engine components. It sells or distributes its products to original equipment manufacturers for original equipment manufacture and aftermarket operations, as well as to warehouse distributors and retail automotive parts chains. Remy International sells its products primarily under the Delco Remy, Remy, and World Wide Automotive brand names in North America, Europe, Latin America, and the Asia-Pacific. The company, formerly known as Remy Electric Company, was founded in 1896 and is headquartered in Pendleton, Indiana. With 2.50 million shares outstanding and 70,800 shares declared short as of September 2008, there is no longer a failure to deliver in shares of RMYI. According to quarterly data provided by the SEC, there were still 269,992 shares of RMYI that were failing-to-deliver as of February 1, 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 no longer 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.
Frontier Airlines Holdings Inc. (OTC: FRNTQ | Quote | Chart | News | PowerRating) through its subsidiaries, provides scheduled air transportation services for passengers and freight. The company operates jet service carriers linking from its Denver, Colorado hub to 59 destinations, including Mexico, Canada, and Costa Rica. As of June 23, 2008, it operated a mainline fleet of 60 jets consisting of 47 Airbus A319s, 11 Airbus A318s, and 2 Airbus A320s, as well as a regional fleet of 10 Bombardier Q400 turboprop aircraft. The company was founded in 1994 and is headquartered in Denver, Colorado. On April 10, 2008, Frontier Airlines Holdings, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for Southern District of New York, Manhattan. With 36.64 million shares outstanding and 7.14 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of FRNTQ. According to quarterly data provided by the SEC, there were still 1,015,682 shares of FRNTQ that were failing-to-deliver as of April 25, 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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