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BUYINS.NET: NTES, TRMS, CAGC, GMFX, SWVC, ICNJF Have Also Been Removed From Naked Short List Today
Jun 13, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Netease.com Inc. (NASDAQ: NTES), Trimeris Inc. (NASDAQ: TRMS), China Agritech Inc. (OTCBB: CAGC), GameZnFlix Inc. (OTCBB: GMFX), Seaway Valley Capital Corp. Inc. (OTCBB: SWVC), Icon Industries Limited (OTC: ICNJF). 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.
Netease.com Inc. (NASDAQ: NTES) through its subsidiaries, operates an interactive online and wireless community in China. It provides Chinese language content and services through its online games, wireless value-added services, and Internet portals. The company's online games business focuses on massively multiplayer online role-playing games by selling prepaid point cards to the end customers who may use the points on such cards for online game services provided by the company. It distributes prepaid point cards through wholesalers, Internet cafes, software stores, supermarkets, bookstores, newspaper stands, and convenience stores. The company's Web sites provide Chinese language online services focusing content, community and communication, and commerce, as well as advertising services. Its content channels provide news, information, and online entertainment to the Chinese public. The company's community and communication services include email, photo album sharing, diary, blogging, instant messaging, personal advertisements, matchmaking, alumni directories, personal homepages, clubs, e-cards, chat rooms, and community forums. NetEase.com also offers an online shopping mall to access products and information for Internet users in China, as well as provides Web directory, Web search service, online yellow pages service, and classified advertisements. The company's online advertising services include channel sponsorships, banner advertising, direct email, interactive media sites, sponsored special events, games and contests, and other activities. In addition, NetEase offers a range of wireless value-added services primarily through short messaging services, which allow users to receive information on stock quotes, download ringtones and logos for their mobile phones, and participate in matchmaking communities and interactive games. The company was founded in 1997 by William Ding. NetEase.com is headquartered in Beijing, the People's Republic of China. With 121.16 million shares outstanding and 4.13 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of NTES. According to quarterly data provided by the SEC, there were still 10,189 shares of NTES that were failing-to-deliver as of September 27, 2007.
Trimeris Inc. (NASDAQ: TRMS) a biopharmaceutical company, engages in the development and commercialization of therapeutic agents for the treatment of viral disease in the United States and Canada. It provides a class of antiviral drug treatments, known as fusion inhibitors. Fusion inhibitors impair viral fusion, a process by which viruses attach to, penetrate, and infect host cells. The company offers FUZEON, a 36-amino acid synthetic peptide that binds to a key region of the human immunodeficiency virus (HIV) surface protein called gp41. FUZEON blocks HIV viral fusion by interfering with certain structural rearrangements within gp41 that are required for HIV to fuse to and enter a host cell. It has a development and license agreement with F. Hoffmann-La Roche, Ltd. to develop and market T-20, marketed as FUZEON. The company was founded in 1993 and is based in Morrisville, North Carolina. With 22.27 million shares outstanding and 5.02 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of TRMS. According to quarterly data provided by the SEC, there were still 468,792 shares of TRMS that were failing-to-deliver as of September 28, 2007.
China Agritech Inc. (OTCBB: CAGC) is engaged in the development, manufacture and distribution of organic liquid and granular compound fertilizers and related products in the People's Republic of China. The company has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The company sells it products to farmers located in twenty provinces of China including: Hainan, Anhui, Hubei, Jiangsu, Jiangxi, Guangxi, Liaoning, Shanxi Heilongjiang, Hebei, Jilin, Shandong, Inner Mongolia, Henan, Sichuan, Guangdong, Xinjiang, Yunnan, Chongqing and Guizhou. With 24.7 million shares outstanding and 314,900 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CAGC. According to quarterly data provided by the SEC, there were still 16,558 shares of CAGC that were failing-to-deliver as of September 28, 2007.
GameZnFlix Inc. (OTCBB: GMFX) together with its subsidiaries, provides online movie and video game rentals to subscribers through its Web site, gameznflix.com, in the United States. It offers DVD movie and video game rental services, and sells new DVD movie and video game titles. The company also provides subscribers with access to a library of Microsoft Xbox, Xbox 360, Sony Playstation3, Playstation 2, Playstation, Nintendo Wii, Nintendo Gamecube, and DVD titles. As of December 31, 2007, it owned approximately 30,000 titles and approximately 281,000 copies. In addition, GameZnFlix, through GNF Entertainment Network, provides broadcast programming services, including movie channel, and game and music channel. The company, formerly known as Point Group Holdings, Incorporated, was founded in 1997 and is headquartered in Franklin, Kentucky. With 411.97 million shares outstanding and 572,200 shares declared short as of May 2008, there is no longer a failure to deliver in shares of GMFX. According to quarterly data provided by the SEC, there were still 353,092 shares of GMFX that were failing-to-deliver as of September 28, 2007.
Seaway Valley Capital Corp. Inc. (OTCBB: SWVC) invests in equity, equity-related, and debt in companies that require expansion capital and in companies pursuing acquisition strategies. The company also seeks investments in leveraged buyouts and restructurings. It primarily focuses to invest in retail, restaurant, media, business services, and manufacturing industries. The company was founded in 2002. It was formerly known as GS Carbon Corporation and changed its name to Seaway Valley Capital Corporation in August 2007. Seaway Valley Capital Corporation is based in Gouverneur, New York. Seaway Valley Capital Corporation operates as a subsidiary of Seaway Capital, Inc. With 997.94 million shares outstanding and 120,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of SWVC. According to quarterly data provided by the SEC, there were still 65,509,642 shares of SWVC that were failing-to-deliver as of September 28, 2007.
Icon Industries Limited (OTC: ICNJF) engages in the acquisition, exploration, and development of mineral resource properties, primarily in the gold industry. It has a 100% interest in the Beresford Lake property near Bisset, Manitoba. The company was incorporated in 1988 under the name Couverden Point Resources, Ltd. and changed its name to Kilkenney Resources, Ltd. in 1991. Further, it changed its name to Ghana Goldfields, Ltd. in 1995 and to Icon Industries Limited in 1999. Icon Industries is based in Vancouver, Canada. With 19.9 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of ICNJF. According to quarterly data provided by the SEC, there were still 17,492 shares of ICNJF that were failing-to-deliver as of August 27, 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 2,000,000,000 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: 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 www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD
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As of Monday, 06-09-2008 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-02-2008 for NTES @ $22.18.
As of Monday, 06-09-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-02-2008 for TRMS @ $5.87.
For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2008 Comtex News Network, Inc. All rights reserved.
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Jun 13, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Netease.com Inc. (NASDAQ: NTES), Trimeris Inc. (NASDAQ: TRMS), China Agritech Inc. (OTCBB: CAGC), GameZnFlix Inc. (OTCBB: GMFX), Seaway Valley Capital Corp. Inc. (OTCBB: SWVC), Icon Industries Limited (OTC: ICNJF). 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.
Netease.com Inc. (NASDAQ: NTES) through its subsidiaries, operates an interactive online and wireless community in China. It provides Chinese language content and services through its online games, wireless value-added services, and Internet portals. The company's online games business focuses on massively multiplayer online role-playing games by selling prepaid point cards to the end customers who may use the points on such cards for online game services provided by the company. It distributes prepaid point cards through wholesalers, Internet cafes, software stores, supermarkets, bookstores, newspaper stands, and convenience stores. The company's Web sites provide Chinese language online services focusing content, community and communication, and commerce, as well as advertising services. Its content channels provide news, information, and online entertainment to the Chinese public. The company's community and communication services include email, photo album sharing, diary, blogging, instant messaging, personal advertisements, matchmaking, alumni directories, personal homepages, clubs, e-cards, chat rooms, and community forums. NetEase.com also offers an online shopping mall to access products and information for Internet users in China, as well as provides Web directory, Web search service, online yellow pages service, and classified advertisements. The company's online advertising services include channel sponsorships, banner advertising, direct email, interactive media sites, sponsored special events, games and contests, and other activities. In addition, NetEase offers a range of wireless value-added services primarily through short messaging services, which allow users to receive information on stock quotes, download ringtones and logos for their mobile phones, and participate in matchmaking communities and interactive games. The company was founded in 1997 by William Ding. NetEase.com is headquartered in Beijing, the People's Republic of China. With 121.16 million shares outstanding and 4.13 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of NTES. According to quarterly data provided by the SEC, there were still 10,189 shares of NTES that were failing-to-deliver as of September 27, 2007.
Trimeris Inc. (NASDAQ: TRMS) a biopharmaceutical company, engages in the development and commercialization of therapeutic agents for the treatment of viral disease in the United States and Canada. It provides a class of antiviral drug treatments, known as fusion inhibitors. Fusion inhibitors impair viral fusion, a process by which viruses attach to, penetrate, and infect host cells. The company offers FUZEON, a 36-amino acid synthetic peptide that binds to a key region of the human immunodeficiency virus (HIV) surface protein called gp41. FUZEON blocks HIV viral fusion by interfering with certain structural rearrangements within gp41 that are required for HIV to fuse to and enter a host cell. It has a development and license agreement with F. Hoffmann-La Roche, Ltd. to develop and market T-20, marketed as FUZEON. The company was founded in 1993 and is based in Morrisville, North Carolina. With 22.27 million shares outstanding and 5.02 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of TRMS. According to quarterly data provided by the SEC, there were still 468,792 shares of TRMS that were failing-to-deliver as of September 28, 2007.
China Agritech Inc. (OTCBB: CAGC) is engaged in the development, manufacture and distribution of organic liquid and granular compound fertilizers and related products in the People's Republic of China. The company has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The company sells it products to farmers located in twenty provinces of China including: Hainan, Anhui, Hubei, Jiangsu, Jiangxi, Guangxi, Liaoning, Shanxi Heilongjiang, Hebei, Jilin, Shandong, Inner Mongolia, Henan, Sichuan, Guangdong, Xinjiang, Yunnan, Chongqing and Guizhou. With 24.7 million shares outstanding and 314,900 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CAGC. According to quarterly data provided by the SEC, there were still 16,558 shares of CAGC that were failing-to-deliver as of September 28, 2007.
GameZnFlix Inc. (OTCBB: GMFX) together with its subsidiaries, provides online movie and video game rentals to subscribers through its Web site, gameznflix.com, in the United States. It offers DVD movie and video game rental services, and sells new DVD movie and video game titles. The company also provides subscribers with access to a library of Microsoft Xbox, Xbox 360, Sony Playstation3, Playstation 2, Playstation, Nintendo Wii, Nintendo Gamecube, and DVD titles. As of December 31, 2007, it owned approximately 30,000 titles and approximately 281,000 copies. In addition, GameZnFlix, through GNF Entertainment Network, provides broadcast programming services, including movie channel, and game and music channel. The company, formerly known as Point Group Holdings, Incorporated, was founded in 1997 and is headquartered in Franklin, Kentucky. With 411.97 million shares outstanding and 572,200 shares declared short as of May 2008, there is no longer a failure to deliver in shares of GMFX. According to quarterly data provided by the SEC, there were still 353,092 shares of GMFX that were failing-to-deliver as of September 28, 2007.
Seaway Valley Capital Corp. Inc. (OTCBB: SWVC) invests in equity, equity-related, and debt in companies that require expansion capital and in companies pursuing acquisition strategies. The company also seeks investments in leveraged buyouts and restructurings. It primarily focuses to invest in retail, restaurant, media, business services, and manufacturing industries. The company was founded in 2002. It was formerly known as GS Carbon Corporation and changed its name to Seaway Valley Capital Corporation in August 2007. Seaway Valley Capital Corporation is based in Gouverneur, New York. Seaway Valley Capital Corporation operates as a subsidiary of Seaway Capital, Inc. With 997.94 million shares outstanding and 120,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of SWVC. According to quarterly data provided by the SEC, there were still 65,509,642 shares of SWVC that were failing-to-deliver as of September 28, 2007.
Icon Industries Limited (OTC: ICNJF) engages in the acquisition, exploration, and development of mineral resource properties, primarily in the gold industry. It has a 100% interest in the Beresford Lake property near Bisset, Manitoba. The company was incorporated in 1988 under the name Couverden Point Resources, Ltd. and changed its name to Kilkenney Resources, Ltd. in 1991. Further, it changed its name to Ghana Goldfields, Ltd. in 1995 and to Icon Industries Limited in 1999. Icon Industries is based in Vancouver, Canada. With 19.9 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of ICNJF. According to quarterly data provided by the SEC, there were still 17,492 shares of ICNJF that were failing-to-deliver as of August 27, 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 2,000,000,000 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: 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 www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD
**************************************************
As of Monday, 06-09-2008 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-02-2008 for NTES @ $22.18.
As of Monday, 06-09-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-02-2008 for TRMS @ $5.87.
For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2008 Comtex News Network, Inc. All rights reserved.
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