Thursday, July 17, 2008 5:54:42 PM
Jul 15, 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: Conolog Corp. (NASDAQ: CNLG), Converted Organics Inc. (NASDAQ: COIN), Energy XXI Ltd. (NASDAQ: EXXI), Great Southern Bancorp Inc. (NASDAQ: GSBC), NS8 Corporation (OTC: NSEO), Transax International Limited (OTCBB: TNSX). 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.
Conolog Corp. (NASDAQ: CNLG) engages in the design, manufacture, and distribution of electronic and electromagnetic components and subassemblies in the United States. Its product portfolio comprises transducers, which are electro-magnetic devices that convert electrical energy into mechanical and other forms of physical energy, or conversely convert mechanical and other forms of physical energy into electrical energy; digital signal processing systems and electromagnetic wave filters for differentiation among discreet audio and radio frequencies; audio transmitters and modulators, for the transmission of electrical signals over telephone lines, microwave circuits, and satellite; and audio receivers and demodulators, which receive and decode the signals from the audio transmitters and convert them into digital codes, or into mechanical or other form of energy. The company also offers magnetic networks, which are devices that permit the matching or coupling of different types of communication equipment together; analog transmitters and receivers, which permit the coding/transmission and receiving/decoding of a constantly variable data by displaying the information at the receiving end in digital form; and multiplexer supervisory controls, which enable callers with high volumes of supervisory data to transmit on fewer phone lines. Conolog Corporation's products are used in radio and other transmissions; telephones and telephone exchanges; air and traffic control; automatic transmission of data for utilities; electric utilities; and tele-printing of transmitted data, such as news and stock market information. Its customers primarily include power companies and various branches of the military in the United States. The company was founded in 1968 and is based in Somerville, New Jersey. With 5.72 million shares outstanding and 46,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CNLG. According to quarterly data provided by the SEC, there were still 14,120 shares of CNLG that were failing-to-deliver as of September 20, 2007.
Converted Organics Inc. (NASDAQ: COIN) focuses on the manufacture, sale, and distribution of natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products. Converted Organics plans to sell and distribute these products in the agribusiness, turf management, and retail markets. The company was founded in 2003 and is headquartered in Boston, Massachusetts. With 5.18 million shares outstanding and 811,700 shares declared short as of May 2008, there is no longer a failure to deliver in shares of COIN.
Energy XXI Ltd. (NASDAQ: EXXI) together with its subsidiaries, engages in the exploration and production of oil and natural gas properties located on the Gulf Coast and in the Gulf of Mexico. It owns a 100% working interest in the South Timbalier 21 field located six miles offshore of Lafourche Parish, Louisiana; a 50% working interest in the Main Pass 61 field; a 99.9% working interest in the Rabbit Island field covering approximately 27,000 acres in Louisiana; a 50% working interest in the Main Pass 72 field; a 33% working interest in the South Pass 49 field unit located near the mouth of the Mississippi River; and a 50% working interest in the Lake Salvador project comprising 1,680 square miles located south of New Orleans. The company also has participation agreement to acquire working interest in the Gridiron project consisting of seven prospects covering approximately 100,000 gross acres in southeastern Louisiana. As of June 30, 2007, it had proved reserves of 55.6 million barrels of oil equivalent. The company was founded in 2005 and is based in Hamilton, Bermuda. With 84.51 million shares outstanding and 1.01 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of EXXI. According to quarterly data provided by the SEC, there were still 121,761 shares of EXXI that were failing-to-deliver as of September 28, 2007.
Great Southern Bancorp Inc. (NASDAQ: GSBC) operates as the bank holding company for Great Southern Bank, which offers financial services to customers primarily in southwest and central Missouri. The company accepts regular savings accounts, checking accounts, various money market accounts, fixed-interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts. It also offers one- to four-family adjustable-rate residential mortgage loans, multi family real estate loans, and commercial real estate loans; construction loans; secured consumer loans, including automobile loans, home equity loans, and loans secured by savings deposits; improvement loans, guaranteed student loans; and unsecured consumer loans. In addition, the company provides general property, casualty, and life insurance agency services; personal, commercial, and group travel services; and investment and related services. As of December 31, 2007, it operated 38 branches located in southwestern and central Missouri and the Kansas City, Missouri area. The company was founded in 1923 and is headquartered in Springfield, Missouri. With 13.38 million shares outstanding and 1.36 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of GSBC. According to quarterly data provided by the SEC, there were still 38,750 shares of GSBC that were failing-to-deliver as of August 10, 2007.
NS8 Corporation (OTC: NSEO) a development stage company, engages in the development and marketing of server-based technologies in the areas of content licensing, digital media publishing, and royalty distribution management for the digital media distribution industry. It designs and produces online business communications and multimedia applications in the areas of streaming software, digital media rights, data-content management, audio-video communications, and corporate collaboration systems. The company offers iWave Interactive System (iWave), an end-to-end system for the secure management and distribution of on demand digital content over Internet enabled networks. The iWave system is used by telecommunication companies, Internet service providers, media distributors, and content owners, as well as by producers and distributors of digital content that allows them to audit, track, and manage their content licenses and advertising placements that are deployed throughout multiple business networks. NS8 Corporation was founded in 2000 and is based in Los Angeles, California. With 269.26 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of NSEO. According to quarterly data provided by the SEC, there were still 887,100 shares of NSEO that were failing-to-deliver as of September 26, 2007.
Transax International Limited (OTCBB: TNSX) through its subsidiary, Medlink Conectividade em Saude Ltda, provides health information management products and software solutions to manage coding, compliance, abstracting, and record management's processes for healthcare providers and health insurance companies. It offers health information management products and software solutions in the areas of compliance management, coding and reimbursement management, abstracting, and record management. The company's compliance management, and coding and reimbursement products and software are used to conduct automated prospective and retrospective reviews of all in-patient and out-patient claims data; abstracting solutions enable healthcare facilities to collect and report patient demographic and clinical information; and record management solutions automate the record tracking and location functions, monitor record completeness, and facilitate the release of information process within health information management departments. It also offers MedLink Solution, a software that enables the real time automation of routine patient eligibility, verifications, authorizations, claims processing, and payment functions. The company serves healthcare providers, such as physicians, clinics, hospitals, laboratories, diagnosis centers, and emergency centers; and health insurance and group medicine companies. Transax International has strategic alliances with Centro Brasilerio De Informatica Medica S/A, S1 Corporation, and Hypercom Corporation. It operates in the United States, Brazil, Australia, and Mauritius. The company is based in Miami, Florida with an additional office in Rio de Janeiro, Brazil. With 41.65 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of TNSX. According to quarterly data provided by the SEC, there were still 19,069 shares of TNSX that were failing-to-deliver as of September 28, 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 2,050,000,000 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: 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.
(C)1994-2008 M2 COMMUNICATIONS LTD
-0-
"MoMo on! ...... MoMo off!"
Conolog Corp. (NASDAQ: CNLG) engages in the design, manufacture, and distribution of electronic and electromagnetic components and subassemblies in the United States. Its product portfolio comprises transducers, which are electro-magnetic devices that convert electrical energy into mechanical and other forms of physical energy, or conversely convert mechanical and other forms of physical energy into electrical energy; digital signal processing systems and electromagnetic wave filters for differentiation among discreet audio and radio frequencies; audio transmitters and modulators, for the transmission of electrical signals over telephone lines, microwave circuits, and satellite; and audio receivers and demodulators, which receive and decode the signals from the audio transmitters and convert them into digital codes, or into mechanical or other form of energy. The company also offers magnetic networks, which are devices that permit the matching or coupling of different types of communication equipment together; analog transmitters and receivers, which permit the coding/transmission and receiving/decoding of a constantly variable data by displaying the information at the receiving end in digital form; and multiplexer supervisory controls, which enable callers with high volumes of supervisory data to transmit on fewer phone lines. Conolog Corporation's products are used in radio and other transmissions; telephones and telephone exchanges; air and traffic control; automatic transmission of data for utilities; electric utilities; and tele-printing of transmitted data, such as news and stock market information. Its customers primarily include power companies and various branches of the military in the United States. The company was founded in 1968 and is based in Somerville, New Jersey. With 5.72 million shares outstanding and 46,000 shares declared short as of May 2008, there is no longer a failure to deliver in shares of CNLG. According to quarterly data provided by the SEC, there were still 14,120 shares of CNLG that were failing-to-deliver as of September 20, 2007.
Converted Organics Inc. (NASDAQ: COIN) focuses on the manufacture, sale, and distribution of natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products. Converted Organics plans to sell and distribute these products in the agribusiness, turf management, and retail markets. The company was founded in 2003 and is headquartered in Boston, Massachusetts. With 5.18 million shares outstanding and 811,700 shares declared short as of May 2008, there is no longer a failure to deliver in shares of COIN.
Energy XXI Ltd. (NASDAQ: EXXI) together with its subsidiaries, engages in the exploration and production of oil and natural gas properties located on the Gulf Coast and in the Gulf of Mexico. It owns a 100% working interest in the South Timbalier 21 field located six miles offshore of Lafourche Parish, Louisiana; a 50% working interest in the Main Pass 61 field; a 99.9% working interest in the Rabbit Island field covering approximately 27,000 acres in Louisiana; a 50% working interest in the Main Pass 72 field; a 33% working interest in the South Pass 49 field unit located near the mouth of the Mississippi River; and a 50% working interest in the Lake Salvador project comprising 1,680 square miles located south of New Orleans. The company also has participation agreement to acquire working interest in the Gridiron project consisting of seven prospects covering approximately 100,000 gross acres in southeastern Louisiana. As of June 30, 2007, it had proved reserves of 55.6 million barrels of oil equivalent. The company was founded in 2005 and is based in Hamilton, Bermuda. With 84.51 million shares outstanding and 1.01 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of EXXI. According to quarterly data provided by the SEC, there were still 121,761 shares of EXXI that were failing-to-deliver as of September 28, 2007.
Great Southern Bancorp Inc. (NASDAQ: GSBC) operates as the bank holding company for Great Southern Bank, which offers financial services to customers primarily in southwest and central Missouri. The company accepts regular savings accounts, checking accounts, various money market accounts, fixed-interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts. It also offers one- to four-family adjustable-rate residential mortgage loans, multi family real estate loans, and commercial real estate loans; construction loans; secured consumer loans, including automobile loans, home equity loans, and loans secured by savings deposits; improvement loans, guaranteed student loans; and unsecured consumer loans. In addition, the company provides general property, casualty, and life insurance agency services; personal, commercial, and group travel services; and investment and related services. As of December 31, 2007, it operated 38 branches located in southwestern and central Missouri and the Kansas City, Missouri area. The company was founded in 1923 and is headquartered in Springfield, Missouri. With 13.38 million shares outstanding and 1.36 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of GSBC. According to quarterly data provided by the SEC, there were still 38,750 shares of GSBC that were failing-to-deliver as of August 10, 2007.
NS8 Corporation (OTC: NSEO) a development stage company, engages in the development and marketing of server-based technologies in the areas of content licensing, digital media publishing, and royalty distribution management for the digital media distribution industry. It designs and produces online business communications and multimedia applications in the areas of streaming software, digital media rights, data-content management, audio-video communications, and corporate collaboration systems. The company offers iWave Interactive System (iWave), an end-to-end system for the secure management and distribution of on demand digital content over Internet enabled networks. The iWave system is used by telecommunication companies, Internet service providers, media distributors, and content owners, as well as by producers and distributors of digital content that allows them to audit, track, and manage their content licenses and advertising placements that are deployed throughout multiple business networks. NS8 Corporation was founded in 2000 and is based in Los Angeles, California. With 269.26 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of NSEO. According to quarterly data provided by the SEC, there were still 887,100 shares of NSEO that were failing-to-deliver as of September 26, 2007.
Transax International Limited (OTCBB: TNSX) through its subsidiary, Medlink Conectividade em Saude Ltda, provides health information management products and software solutions to manage coding, compliance, abstracting, and record management's processes for healthcare providers and health insurance companies. It offers health information management products and software solutions in the areas of compliance management, coding and reimbursement management, abstracting, and record management. The company's compliance management, and coding and reimbursement products and software are used to conduct automated prospective and retrospective reviews of all in-patient and out-patient claims data; abstracting solutions enable healthcare facilities to collect and report patient demographic and clinical information; and record management solutions automate the record tracking and location functions, monitor record completeness, and facilitate the release of information process within health information management departments. It also offers MedLink Solution, a software that enables the real time automation of routine patient eligibility, verifications, authorizations, claims processing, and payment functions. The company serves healthcare providers, such as physicians, clinics, hospitals, laboratories, diagnosis centers, and emergency centers; and health insurance and group medicine companies. Transax International has strategic alliances with Centro Brasilerio De Informatica Medica S/A, S1 Corporation, and Hypercom Corporation. It operates in the United States, Brazil, Australia, and Mauritius. The company is based in Miami, Florida with an additional office in Rio de Janeiro, Brazil. With 41.65 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of TNSX. According to quarterly data provided by the SEC, there were still 19,069 shares of TNSX that were failing-to-deliver as of September 28, 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 2,050,000,000 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: 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.
(C)1994-2008 M2 COMMUNICATIONS LTD
-0-
"MoMo on! ...... MoMo off!"
"MoMo on! ...... MoMo off!"
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