Summus Works, Inc. (SMMW) SqueezeTrigger Price is $0.0002
Thursday May 11, 9:00 am ET
Approximately 1.96 Billion Shares Shorted Since January 2005 According To Buyins.net Research Report
DENVER--(BUSINESS WIRE)--May 11, 2006--Summus Works, Inc. (Pink Sheets:SMMW - News) today announced that WWW.BUYINS.NET is initiating coverage of Summus Works, Inc. after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 25.5 billion total aggregate shares of SMMW have traded for a total dollar value of nearly $4.6 million. The total aggregate number of shares shorted in this time period is approximately 2 billion shares. The SMMW SqueezeTrigger price of $0.0002 is the volume weighted average short price of all short selling in SMMW. A short squeeze is expected to begin when shares of SMMW close above $0.0002. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
----- ---------- ---------- ---------- -------------
January '05 2,612,934,144 201,195,929 $0.0004 $80,478
February 906,892,288 69,830,706 $0.0001 $6,983
March 866,452,992 66,716,880 $0.0004 $26,687
April 504,427,520 38,840,919 $0.0002 $7,768
May 1,996,608,512 153,738,855 $0.0001 $15,374
June 2,219,035,904 170,865,765 $0.0001 $17,087
July 2,068,627,072 159,284,285 $0.0001 $15,928
August 1,042,985,472 80,309,881 $0.0001 $8,031
September 415,329,536 31,980,374 $0.0001 $3,198
October 1,659,396,480 127,773,529 $0.0001 $12,777
November 457,292,480 35,211,521 $0.0001 $3,521
December 260,662,464 20,071,010 $0.0001 $2,007
January '06 705,727,424 54,341,012 $0.0001 $5,434
February 1,097,842,688 84,533,887 $0.0002 $16,907
March 2,895,331,328 222,940,512 $0.0002 $44,588
April 1,674,135,552 128,908,438 $0.0002 $25,782
May 4,098,317,568 315,570,453 $0.0002 $63,114
Total: 25,481,999,424 1,962,113,956 $0.0002 $355,665
-short volume is approximated using a proprietary algorithm.
-average short price is calculated using a volume weighted
average short price.
-short volume is the total short trade volume and does not
account for covers.
About Summus Works, Inc.
Summus Works, Inc. (Pink Sheets:SMMW - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
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. The SqueezeTrigger database of nearly 750,000,000 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 and a short squeeze can begin.
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. Summus Works, Inc. has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. 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 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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Contact:
Summus Works, Inc.
Dan Burgess, 888-607-9495
summus@summusworks.com
or
Investor Relations:
SmallCapVoice.com
Stuart T. Smith, 512-267-2430
Info@Smallcapvoice.com
or
BUYINS.NET
Thomas Ronk, +1-800-715-9999
Tom@buyins.net
www.BUYINS.net
Source: Summus Works, Inc.
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