Quantcast
Free Trial!
Today’s Best Stocks To Trade!  Click Here


 

BUYINS.NET: PODM, MAAFF, SGSOY, QMNM, WDAM, WHDCF Have Also Been Removed From Naked Short List Today

Fri. July 18, 2008; Posted: 10:21 AM
Stocks RSS
Jul 18, 2008 (M2 PRESSWIRE via COMTEX) -- WDAM | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Podium Venture Group Inc New (OTC: PODM), Magindustries Corp (OTC: MAAFF), SGS Societe Generale de Surveillance Holding SA ADR (OTC: SGSOY), Quest Minerals & Mining Corp. (OTCBB: QMNM), World Am Inc. (OTCBB: WDAM), West Hawk Development Corp. (OTC: WHDCF). 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.

Podium Venture Group Inc New (OTC: PODM | Quote | Chart | News | PowerRating) was engaged in the development, production, and marketing of sublingual vitamin and nutritional products in liquid form, as of December 31, 1998. The company marketed its product line on a national basis. With 10.85 million shares outstanding and 45,000 shares declared short as of July 2008, there is no longer a failure to deliver in shares of PODM.

Magindustries Corp (OTC: MAAFF | Quote | Chart | News | PowerRating) a development stage company, through its subsidiaries, engages in the financing, development, and placement of industrial projects in the Republic of Congo (ROC) and the Democratic Republic of Congo (DRC). It operates in four units: MagEnergy, MagMinerals, MagMetals, and MagForestry. MagEnergy engages in the repair and refurbishment of one turbine at the Inga II (phase I) hydroelectric site; and rehabilitation of four turbines at the Inga II (phase II) hydroelectric site, consisting of 1,424 megawatts capacity. It also focuses on the evaluation of two greenfield' hydroelectric sites, Busanga on the Lualaba River in the Katanga province of the DRC, and the Zongo II hydroelectric site on the Inkisi River. MagMinerals has completed a final feasibility study for the development of potash plant near Mengo in the Kouilou province of ROC, as well as mobilizing to commence production well drilling and conducting preconstruction design and engineering. MagMetals engages in the evaluation of the Kouilou magnesium smelter to be located adjacent to MagMinerals potash plant, to produce magnesium alloys for the automotive industry. MagForestry operates a 68,000 hectare eucalyptus forestry plantation, selling pulpwood logs to the European market. The company was founded in 1997. It was formerly known as Magnesium Alloy Corporation and changed its name to MagIndustries Corp. in 2005. MagIndustries is headquartered in Toronto, Canada. With 194.2 million shares outstanding and 5,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of MAAFF. According to quarterly data provided by the SEC, there were still 25,500 shares of MAAFF that were failing-to-deliver as of September 27, 2007.

SGS Societe Generale de Surveillance Holding SA ADR (OTC: SGSOY) operates as an inspection, verification, testing, and certification company. It offers a range of services, such as managing crops from seed development and soil nutrition through to harvest and help move products through the agricultural supply chain; quality and quantity inspection, testing, and process control services for various commodities for the minerals industry; and systems and services certification services. The company also provides independent inspection, testing, verification, and technical services, as well as exploration, production, and consumption services, including blending and cargo treatment services with additives, sample management, static and dynamic calibration, emergency response, logistics, and laboratory outsourcing to the oil, gas, and chemical industries. In addition, it offers clinical research for Phase I to IV clinical trials, biostatistical management, regulatory affairs, bioanalytical laboratory, and quality control testing services in microbiology, chemistry, and biotechnology with analytical development and stability studies to the life sciences industry; and laboratory testing, product inspection and consulting, process assessment, and technical assistance services for manufacturers, importers, exporters, and retailers of consumer products. Further, the company provides technical verification, inspection, testing, and conformity assessment in various industrial markets; a network of analytical and data interpretation services, and a range of trade verification services to governments, international institutions, and companies in the private sector; and motor vehicle inspection solutions to governments, manufacturers, traders, financial institutions, and insurance companies. It primarily serves Europe, Africa, the Middle East, the Americas, and the Asia/Pacific region. SGS was founded in 1878 and is headquartered in Geneva, Switzerland. With 782.24 million shares outstanding and 13,600 shares declared short as of July 2008, there is no longer a failure to deliver in shares of SGSOY. According to quarterly data provided by the SEC, there were still 54,820 shares of SGSOY that were failing-to-deliver as of August 31, 2007.

Quest Minerals & Mining Corp. (OTCBB: QMNM | Quote | Chart | News | PowerRating) engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It holds approximately 30 coal leases covering an area of 700 acres located in Pike County, Kentucky. The company is based in Paterson, New Jersey. With 213.37 million shares outstanding and 743,900 shares declared short as of July 2008, there is no longer a failure to deliver in shares of QMNM.

World Am Inc. (OTCBB: WDAM | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the development, manufacture, and distribution of automatic passage control (APC) and security devices to government and other commercial enterprises in the United States and internationally. The company's products comprise weapons control systems, passage control systems, asset protection systems, and anti-tailgating systems. Its systems are used to monitor or control access, egress, or passage from one area to another, such as airport security portals, building entries and exits, gates for vehicles or personnel, public building access points, laboratories, hospitals, and government and other buildings. The company also develops, commercializes, and markets technologies in the field of micro-sensor elements and sensor arrays to the homeland security, indoor air quality, food purity and processing, and medical diagnostic industries. World Am sells its products through a distributor network or directly to the end user. The company was founded in 2005 and is based in Newport Beach, California. With 1.07 billion shares outstanding and 1.89 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of WDAM. According to quarterly data provided by the SEC, there were still 549,907 shares of WDAM that were failing-to-deliver as of September 28, 2007.

West Hawk Development Corp. (OTC: WHDCF | Quote | Chart | News | PowerRating) engages in the natural gas production, and exploration and development of coal resource properties for coal gasification and coal-to-liquids projects primarily in Canada. The company owns a 100% interest in Northwest Territories Coal Licenses comprising 8 coal property licenses located in the Northwest Territories; a 100% interest in Nunavut Coal Licenses consisting of 7 coal property licenses located in Nunavut; and a right to acquire a 75% interest in 10 coal exploration licenses with respect to properties located in the Omineca and Skeena mining districts of British Columbia, known as the Groundhog Coal Field. It also has a drilling and development agreement with Encana Oil & Gas (USA), Inc. regarding the Figure Four Ranch property located in Garfield and Rio Blanco Counties in Colorado, the United States. The company was incorporated in 1984 and is based in Vancouver, Canada. With 68.4 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of WHDCF. According to quarterly data provided by the SEC, there were still 16,928 shares of WHDCF 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 2,050,000,000 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 MAAFF 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 [MAAFF]
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.