BUYINS.NET: ARSC, FOLGF Have Been Added To Naked Short List Today
May 26, 2009 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: American Security Resources Corporation (OTCBB: ARSC), Falcon Oil & Gas Ltd (OTC: FOLGF). 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.
American Security Resources Corporation (OTCBB: ARSC) through its subsidiaries, focuses on the development and commercialization of hydrogen fuel cells and related clean energy technologies. The company also involves in negotiating the acquisition manufacturing and intellectual property for residential wind turbines that spin in a horizontal plane; and developing and commercializing a technology to formulate hydrogen from ammonia-to-hydrogen catalytic electrolyzer technology. In addition, it entered into a sponsored research agreement with Ohio University to develop commercial electrolyzer technology and ammonia-to-hydrogen fueling system for vehicles. The company, formerly known as Kahuna Network Security, Inc., was founded in 1981 and is based in Houston, Texas. With 297.80 million shares outstanding and 335,400 shares declared short as of April 2009, there is a failure to deliver in shares of ARSC. According to quarterly data provided by the SEC, there were still 1,635,944 shares of ARSC that were failing-to-deliver as of August 25, 2006.
