Parlux Fragrances Inc fka PARL

[serfdom]

PARL Parlux Fragrances Inc

June 13, 2006: InfinitiStocks issues a potential short squeeze Alert for PARL. With 61.1%, of the float sold short (as of May 10), the stock jumped +8.3% Tuesday afternoon when the Company boasted a 109% increase in 2006 net income. Just hours later, the situation became even more explosive as PARL Chairman Ilia Lekach made a "going private" proposal for $29.00 per share in cash: "Mr. Lekach is making this proposal at this time...to end the disruptions in the Company's operations caused primarily by short sellers." The buyout proposal hit during after hours trading Tuesday, with PARL already up almost 42% on the day's earnings news. InfinitiStocks will be monitoring this situation closely in the following days.

Jun 13, 2:51 PM: Parlux Fragrances, Inc. Announces Unaudited Fiscal 2006 Earnings
Jun 13, 5:12 PM: 'Going Private' Proposal to Parlux Fragrances at $29.00 per Share

Price at the time of this Alert was $18.65.
PARL gained +41.6% since we posted an Alert (June 13 AH: $26.40)

http://www.infinitistocks.com