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BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Golden Phoenix Minerals Inc. (OTCBB: GPXM), Ignis Petroleum Group Inc. (OTCBB: IGPG), MobilePro Corp (OTCBB: MOBL), Zagg Inc. (OTCBB: ZAGG), Canadian Oil Sands Trust (OTC: COSWF), ICAP plc (OTC: IAPLY). 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.
Golden Phoenix Minerals Inc. (OTCBB: GPXM) engages in the exploration, development, and production of mineral properties in Nevada and the western United States. It focuses on exploring for gold, silver, and molybdenum minerals properties. The company's primary mining properties include Ashdown molybdenum project located to the northwest of Winnemucca in Humboldt County, Nevada; and the Mineral Ridge mine are located to the northwest of the town of Silver Peak and west of Tonopah in Esmeralda County, Nevada. As of February 25, 2008, Golden Phoenix Minerals had proven reserves of molybdenum of 2,773,908 pounds and probable reserves of 1,074,023 pounds. The company was founded in 1997 and is based in Sparks, Nevada. With 193.52 million shares outstanding and 30,300 shares declared short as of October 2008, there is no longer a failure to deliver in shares of GPXM. According to quarterly data provided by the SEC, there were still 2,008,708 shares of GPXM that were failing-to-deliver as of August 1, 2007.
Ignis Petroleum Group Inc. (OTCBB: IGPG) engages in the exploration, development, and production of crude oil and natural gas properties in the United States onshore Gulf Coast region. The company primarily has a 25% working interest in the Acom A-6 Prospect located in Chambers County, Texas. It also holds a 12.5% working interest in the Barnett Shale Property covering three wells located in the Barnett Shale trend in Greater Fort Worth Basin, Texas. In addition, the company, through its joint venture, owns 45% of the interests in the acreage, oil and natural gas producing properties, and natural gas gathering and treating system located in the St. Jo Ridge Field in the North Texas Fort Worth Basin. Ignis Petroleum Group was founded in 2004 and is based in Plano, Texas. With 57.84 million shares outstanding and 81,000 shares declared short as of October 2008, there is no longer a failure to deliver in shares of IGPG. According to quarterly data provided by the SEC, there were still 7,666,204 shares of IGPG that were failing-to-deliver as of May 29, 2008.
MobilePro Corp (OTCBB: MOBL) together with its subsidiaries, provides integrated communications services to residential customers and small to medium-sized businesses in the United States. It offers local services, including local access, voicemail, universal messaging, directory assistance, call forwarding, return call, hunting, call pick-up, repeat dialing, and speed dialing services; domestic and international long distance services, such as 1+ outbound dialing, inbound toll-free, and calling card services; 1-800-CloseCall anytime/anywhere calling services; digital wireless phone and data services; voice over Internet protocol services; and dial-up and digital subscriber line Internet services. The company also offers personal data assistant services; and supplies Blackberry equipment, accessories, software, and support contracts. In addition, it provides payphone services, including coin calls; noncoin calls, such as calling card, credit card, collect, and third-party billed calls; and dial-around calls. As of March 31, 2008, Mobilepro served approximately 103,446 equivalent subscriber lines, including approximately 88,381 local and long distance lines. It also had approximately 9,675 cell phone and Blackberry subscribers. Mobilepro is based in Bethesda, Maryland. With 775.82 million shares outstanding and 387,100 shares declared short as of October 2008, there is no longer a failure to deliver in shares of MOBL. According to quarterly data provided by the SEC, there were still 17,133,044 shares of MOBL that were failing-to-deliver as of May 10, 2007.
Zagg Inc. (OTCBB: ZAGG) designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD primarily in the United States and Europe. Its invisibleSHIELD, a protective film covering designed for iPods, laptops, cell phones, digital cameras, personal digital assistants, MP3 players, watch faces, GPS systems, gaming devices, and other items. The company also offers RockStic portable speaker system designed for Apple iPod and compatible with various digital media players. In addition, it sells accessories for electronics devices, including power cords, chargers, and adapters. In addition, the company offers approximately 2,000 precision pre-cut designs through online channels, resellers, college bookstores, Mac stores, and mail kiosks. ZAGG Incorporated sells its products directly through its Web site, distributors, kiosk vendors in shopping malls and retail centers, and electronics retailers. The company was founded in 2005 and is based in Salt Lake City, Utah. With 18.97 million shares outstanding and 17,000 shares declared short as of October 2008, there is no longer a failure to deliver in shares of ZAGG. According to quarterly data provided by the SEC, there were still 670,864 shares of ZAGG that were failing-to-deliver as of November 21, 2007.
Canadian Oil Sands Trust (OTC: COSWF) operates as an open-ended investment trust in Canada. The trust, through its indirect interest in the Syncrude Joint Venture, engages in the mining and upgrading of bitumen from oil sands in northern Alberta. Its activities include operation of oil sands mines, bitumen extraction plants, an upgrading complex that processes bitumen into a synthetic crude oil, and electrical power utility plants. The company mines oil sands from three mines, which include the Base Mine and North Mine located near the Mildred Lake site, and the Aurora North Mine located near the base operations site. As of December 31, 2006, it had proved plus probable reserves of 1.8 billion barrels of synthetic crude oil. Canadian Oil Sands Trust was founded in 1995 and is headquartered in Calgary, Canada. With 481.54 million shares outstanding and 322,600 shares declared short as of October 2008, there is no longer a failure to deliver in shares of COSWF. According to quarterly data provided by the SEC, there were still 731,271 shares of COSWF that were failing-to-deliver as of January 12, 2005.
ICAP plc (OTC: IAPLY) through its subsidiaries, operates as the voice and electronic interdealer broker and the source of market information and commentary for professionals, and commercial and investment banks in the financial markets. It provides intermediary broking services to trading professionals in the wholesale financial markets. The company covers various over-the-counter (OTC) financial products and services in commodities, post-trade services, foreign exchange, interest rates, credit, equity derivatives, and emerging markets, as well as data, commentary, and indices. Its market data offers end-of-day and historical market data sourced from its interdealer trading platforms through various asset classes. The company provides global banks, broker/dealers, buy-side firms, and e-trading platforms with solutions to automate post-trade processing of financial transactions. It also provides financial information to third parties; post-trade services to financial institutions; and shipbroking and related services. As of March 30, 2008, the company operated in 60 locations in approximately 30 countries in Europe, the Middle East, Africa, the Americas, the Asia Pacific, England, Mexico, the United States, China, and internationally. ICAP plc is headquartered in London, the United Kingdom. With 323.81 million shares outstanding and 108,200 shares declared short as of October 2008, there is no longer a failure to deliver in shares of IAPLY. According to quarterly data provided by the SEC, there were still 292,030 shares of IAPLY that were failing-to-deliver as of April 1, 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 2,250,000,000 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. IGPG has previously paid a $995.00 data fee to BUYINS.NET. 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.
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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.