| Copyright: | M2 Communications Ltd. |
| Source: | M2 PressWIRE |
| Wordcount: | 1696 |
RDATE:21082008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been added to the NASDAQ, AMEX and NYSE naked short threshold
list: Wynn Resorts Ltd. (NASDAQ: WYNN), Genta Inc. (OTCBB: GNTA), Ormet
Corp (OTC: ORMT), Extrudyne Inc (OTC: ETRUF). 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.
Wynn Resorts Ltd. (NASDAQ: WYNN) together with its subsidiaries,
engages in the development, ownership, and operation of destination
casino resorts. The company owns and operates Wynn Las Vegas casino
resort in Las Vegas, which includes 22 food and beverage outlets
comprising 6 dining restaurants, 2 nightclubs, 1 spa and salon, 1
Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole
golf course, meeting space, and foot retail promenade featuring
boutiques. As of December 31, 2007, Wynn Las Vegas casino resort
featured 140 table games, 1 baccarat salon, private VIP gaming rooms, 1
poker room, 1,970 slot machines, and 1 race and sports book. It also
owns Wynn Macau casino resort located in the Macau Special
Administrative Region of the People's Republic of China. Wynn Macau
casino resort featured 380 table games, 1,270 slot machines, 5
restaurants, 1 spa and salon, lounges, meeting facilities, and retail
space featuring boutiques. The company was founded in 2002 and is based
in Las Vegas, Nevada. With 111.83 million shares outstanding and 17.72
million shares declared short as of July 2008, there is a failure to
deliver in shares of WYNN. According to quarterly data provided by the
SEC, there were still 13,038 shares of WYNN that were
failing-to-deliver as of September 27, 2007.
Genta Inc. (OTCBB: GNTA) operates as a biopharmaceutical company with a
diversified product portfolio that is focused on delivering products
for the treatment of patients with cancer. Its research portfolio
consists of two programs, DNA/RNA Medicines and Small Molecules. The
company's lead compound from its DNA/RNA Medicines program is Genasense
(oblimersen sodium) injection that is designed to block the production
of a protein, known as Bcl-2, which is a fundamental cause of the
inherent resistance of cancer cells to anticancer treatments, such as
chemotherapy, radiation, and monoclonal antibodies. Genta Incorporated
is recruiting patients to the AGENDA Trial, a global Phase III trial of
Genasense in patients with advanced melanoma. Its lead drug in its
Small Molecule program is Ganite (gallium nitrate injection), which is
marketed in the United States for the treatment of symptomatic patients
with cancer-related hypercalcemia that is resistant to hydration. The
company also develops G4544, an oral formulation of the active
ingredient in Ganite, which entered clinical trials as a potential
treatment for diseases associated with accelerated bone loss. In
addition, it is developing tesetaxel, an orally absorbed,
semi-synthetic taxane that is in the same drug class as paclitaxel and
docetaxel. The company was founded in 1988 and is based in Berkeley
Heights, New Jersey. With 36.74 million shares outstanding and 2.54
million shares declared short as of July 2008, there is a failure to
deliver in shares of GNTA. According to quarterly data provided by the
SEC, there were still 239,625 shares of GNTA that were
failing-to-deliver as of September 28, 2007.
Please enable Javascript
Ormet Corp (OTC: ORMT) through its subsidiaries, engages in the
production and sale of aluminum and related products in the United
States. It offers aluminum, and aluminum billet and ingot products. The
company markets its aluminum ingots/sow to international traders and
the U.S. based aluminum rolling mills for flat rolled products that are
used for beverage cans, transportation, construction, appliance, and
general industrial applications; and aluminum billet products to
aluminum extrusion companies producing product primarily for the
transportation and construction industries. Ormet Corporation was
founded in 1956 and is based in Hannibal, Ohio. With 18.46 million
shares outstanding and 300 shares declared short as of July 2008, there
is a failure to deliver in shares of ORMT. According to quarterly data
provided by the SEC, there were still 15,600 shares of ORMT that were
failing-to-deliver as of August 1, 2007.
Extrudyne Inc (OTC: ETRUF) through its subsidiaries, engages in the
exploration, development, and production of gold and diamond properties
primarily in Africa. It holds interest in the Youga Gold project
located in Burkina Faso, West Africa; and an 85% interest in the Agbaou
Gold project comprising 939 square kilometers located in the northwest
of Abidjan, West Africa. The company also owns interest in the Samira
Hill Gold project, which is located in southwestern Niger; the Finkolo
Gold and Keniebandi Gold projects located in Mali; the Ventersdorp
Alluvial Diamond District; and the Blue Gum Diamond Deposit in South
Africa. In addition, Etruscan Resources holds the Kamanjab project
consisting of 6 permits covering approximately 5,000 square kilometers;
and the Witvlei project comprising 5 contiguous permits with 4,000
square kilometers. Further, it has an option to acquire a 100% interest
in the Bole-Bolgatanga Gold Belt covering 773 square kilometers in
northern Ghana. Etruscan Resources also holds interests in the Ahafo,
Bogoso-Prestea, Bibiani, Obotan, and Chirano deposits in the Sefwi
Volcanic Belt and the Kumasi Sedimentary Basin, Ghana. The company is
headquartered in Bedford, Canada. With 124.1 million shares outstanding
and 13,800 shares declared short as of July 2008, there is a failure to
deliver in shares of ETRUF. According to quarterly data provided by the
SEC, there were still 44,300 shares of ETRUF that were
failing-to-deliver as of September 20, 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 2,100,000,000 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.
Please enable Javascript
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.
Please enable Javascript
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)).
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.