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BUYINS.NET: GM, GMCR, ADVR, RNWF, ICOA Have Been Added To Naked Short
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| Copyright: | M2 Communications Ltd. | | Source: | M2 PressWIRE | | Wordcount: | 1910 |
RDATE:01122008
BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: General Motors Corp. (NYSE: GM), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Advanced Viral Research Corp. (OTCBB: ADVR), Renewal Fuels Inc. (OTCBB: RNWF), ICOA, Inc. (OTC: ICOA). 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.
General Motors Corp. (NYSE: GM) and its subsidiaries engage in the development, production, and marketing of cars, trucks, and related parts worldwide. It offers small, midsize, sports, and luxury cars; and pickup, van, utilities, and medium duty trucks. The company sells its products under the Chevrolet, Buick, Saab, GMC, Pontiac, Cadillac, Hummer, and Saturn, Opel, Vauxhall, Isuzu, Holden, and Daewoo brand names in Canada, Europe, Latin America, and Asia Pacific. General Motors also provides a range of financial services, including consumer vehicle financing, automotive dealership and other commercial financing, residential mortgage services, automobile service contracts, personal automobile insurance coverage, and commercial insurance coverage. In addition, the company offers after sale services, such as maintenance, light repairs, collision repairs, and vehicle accessories. General Motors markets its products through distributors and dealers, as well as through retail dealers. As of December 31, 2007, the company operated 6,776 vehicle dealers in the United States, 729 in Canada, and 330 in Mexico, as well as approximately 14,052 distribution outlets in the rest of the world. It has collaboration with PTT Public Co., Ltd. for the development of alternative fuels for vehicles. The company was founded in 1908 and is based in Detroit, Michigan. With 566.16 million shares outstanding and 93.6 million shares declared short as of October 2008, there is a failure to deliver in shares of GM. According to quarterly data provided by the SEC, there were still 9,823,745 shares of GM that were failing-to-deliver as of May 4, 2005.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) through its subsidiaries, engages in roasting, packaging, and distributing roasted coffee primarily in the northeastern United States. It sells approximately 100 whole bean and ground coffee selections, hot cocoa, teas, and coffees. The company offers Arabica coffees and coffee selections, including single-origins, estates, certified organics, Fair Trade Certified, proprietary blends, and flavored coffees under the 'Green Mountain Coffee Roasters' and Newman's Own Organics brands. Green Mountain Coffee Roasters sells coffee to retailers, including supermarkets; convenience stores; specialty stores; food service enterprises, including restaurants, hotels, universities, and business offices; and directly to individual consumers. In addition, it manufactures gourmet single-cup brewing systems and markets its patented single-cup coffee and tea brewing systems for the office and the home under the Keurig brand name. The company was founded in 1981 as Green Mountain Coffee Inc. and changed its name in 2003. Green Mountain Coffee is headquartered in Waterbury, Vermont. With 24.22 million shares outstanding and 8.77 million shares declared short as of October 2008, there is a failure to deliver in shares of GMCR. According to quarterly data provided by the SEC, there were still 213,432 shares of GMCR that were failing-to-deliver as of March 26, 2008.
Advanced Viral Research Corp. (OTCBB: ADVR) a biopharmaceutical company, engages in the research, development, and commercialization of small molecule therapeutics that address medical needs for various degenerative conditions in the United States. Its products include AVR118, a cytoprotective drug composed of a complex mixture of protein and ribonucleic acid components; AVR123, a form of AVR118 specially designed for dermatology applications, which is in Phase II clinical trials; AVR147, an inhibitor of a cancer target known as a proteasome; AVR168 that is a natural product, which inhibits a member of a family of motor proteins that are responsible for the assembly and function of microtubules during cell division. The company develops its products focusing on the treatment of systemic symptoms, such as cachexia (body wasting), loss of appetite and lethargy experienced by patients with advanced malignant cancer, HIV-AIDS, cardiovascular disease, sepsis, viral infections, and other diseases, as well as to treat as an aid in wound healing. Its also develops its products for use as an anti-inflammatory in conditions, such as rheumatoid arthritis; and palliative agent to minimize certain toxicities associated with chemo or immunotherapies. The company was founded in 1984 and is based in Yonkers, New York. With 846.23 million shares outstanding and 1,900 shares declared short as of October 2008, there is a failure to deliver in shares of ADVR. According to quarterly data provided by the SEC, there were still 8,454,142 shares of ADVR that were failing-to-deliver as of April 4, 2008.
Renewal Fuels Inc. (OTCBB: RNWF) engages in designing, developing, manufacturing, and marketing biodiesel processing equipment and accessories in the United States. It offers FuelMeister line of biodiesel processors, which allow users to convert waste vegetable oil into biodiesel. The company, thorough its subsidiaries, also develops BiodieselMaster, a community-scale biodiesel processing plant for customers, including small communities, farms, farm co-ops, and trucking fleets, as well as engages in growing cellulosic feedstock for the biofuels industry. It sells and distributes its products through a network of dealers and third party sales associates, as well as directly through its Website at www.fuelmeister.com. The company is based in Milwaukee, Wisconsin. With 35.51 million shares outstanding and 200 shares declared short as of October 2008, there is a failure to deliver in shares of RNWF. According to quarterly data provided by the SEC, there were still 1,465,797 shares of RNWF that were failing-to-deliver as of May 16, 2008.
ICOA, Inc. (OTC: ICOA) provides Wi-Fi networks and services in the United States. The company sells, installs, supports, and provides wired and wireless Ethernet and Internet access services, primarily through Wi-Fi public wireless local area networks. It sells Wi-Fi systems with operating and maintenance contracts to airports, hotels, convention centers, restaurants and cafes, resorts, campgrounds, marinas, multiple dwelling units, travel plazas, and higher education institutions. The company also provides service management capabilities, including back office, network management, customer care, and related services to support the on-going operations of Wi-Fi service providers. It also operates Wi-Fi hot spots and Internet access terminals in public locations. As of December 31, 2005, it owned and operated approximately 1,500 broadband access installations. ICQA, Inc. was founded in 1983. It was formerly known as Quintonix, Inc. and changed its name to ICOA, Inc. in 1989. The company is based in Warwick, Rhode Island. With 564.70 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of ICOA. According to quarterly data provided by the SEC, there were still 20,272,134 shares of ICOA that were failing-to-deliver as of October 23, 2006.
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. 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
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