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BUYINS.NET: LTS, ESLR, FELE, JRJC, MESA, OZRK Have Also Been Removed
From Naked Short List Today
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05082008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been removed from the NASDAQ, AMEX and NYSE naked short threshold
list: Ladenburg Thalmann Financial Services Inc (AMEX: LTS), Evergreen
Solar Inc. (NASDAQ: ESLR), Franklin Electric Co. Inc. (NASDAQ: FELE),
China Finance Online Co. Ltd. (NASDAQ: JRJC), Mesa Air Group Inc.
(NASDAQ: MESA), Bank of the Ozarks (NASDAQ: OZRK). 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.
Ladenburg Thalmann Financial Services Inc (AMEX: LTS) through its
subsidiaries, provides retail and institutional securities brokerage,
investment banking, investment activities, and asset management
services primarily in the United States. It offers general investment
banking and corporate finance consulting services, and services, such
as underwriting of public equity and debt offerings; specified purpose
acquisition companies underwriting; placement of private debt and
equity offerings; merger, acquisition, and divestiture advisory
services; rendering fairness and solvency opinions; and financial
valuations. The company also provides alternative investments, private
investment management, and retirement plan sponsor services, as well as
an asset management program to assist customers in achieving their
desired investment objectives through centralized management of mutual
fund and exchange-traded fund portfolios based on asset allocation
models. In addition, it offers broker-dealer and investment advisory
services to the independent registered representative community.
Further, the company reviews and analyzes general market conditions and
other industry groups; issues written reports on companies, with
recommendations on specific actions to buy, sell, or hold; furnishes
information to retail and institutional customers; and responds to
inquires from customers and account executives. It serves middle market
and emerging growth companies, and high net worth individuals. The
company was founded in 1876 and is based in Miami, Florida. With 162.69
million shares outstanding and 8.26 million shares declared short as of
July 2008, there is no longer a failure to deliver in shares of LTS.
According to quarterly data provided by the SEC, there were still
210,757 shares of LTS that were failing-to-deliver as of September 28,
2007.
Evergreen Solar Inc. (NASDAQ: ESLR) develops, manufactures, and markets
solar power products primarily in Europe and the United States. It
utilizes its proprietary String Ribbon' technology process in
manufacturing ribbons of crystalline silicon, which are then cut into
wafers. These wafers are the primary components of photovoltaic cells
that are used to produce solar panels. The company principally offers
solar wafer, a flat piece of crystalline silicon that can be processed
and assembled into a solar cell; solar cell, a device made from a
silicon wafer that converts sunlight into electricity; and solar panel,
an assembly of solar cells that are electrically interconnected and
laminated for electric power generation, such as on-grid and off-grid
generation. Evergreen sells its products through distributors, systems
integrators, and value-added resellers. It has a strategic partnership
with Q-Cells AG. The company was founded in 1994 and is headquartered
in Marlboro, Massachusetts. With 121.45 million shares outstanding and
28.33 million shares declared short as of July 2008, there is no longer
a failure to deliver in shares of ESLR. According to quarterly data
provided by the SEC, there were still 14,830 shares of ESLR that were
failing-to-deliver as of September 28, 2007.
Franklin Electric Co. Inc. (NASDAQ: FELE) together with its
subsidiaries, engages in the design, manufacture, and distribution of
groundwater and fuel pumping systems. The company's products include
submersible pumps and motors, drives, electronic controls, and
monitoring devices. Its motors and pumps are used principally in
submersible applications for pumping fresh water, wastewater, fuel, and
other liquids in various applications, including residential,
industrial, agricultural, fueling, off-shore drilling, and mining.
Franklin Electric also manufactures electronic drives and controls for
the motors, which control functionality and provide protection from
various hazards, such as electric surges, over-heating, or dry wells
and tanks. The company offers its products under the Jacuzzi, Normaflo,
Mono, Orbit, Rotorflo, Super D, and Tsunami brand names in Africa. It
also supplies a range of products, including the submersible pumping
systems, such as flexible piping, vapor recovery systems and
components, electronic tank monitoring equipment, and fittings to the
petroleum equipment industry. Franklin Electric sells its products to
original equipment manufacturers and specialty water systems
distributors, industrial equipment distributors, and oil and utility
companies through its sales force and manufacturing representatives in
North America, Europe, the Middle East, South Africa, Australia,
Mexico, Brazil, Japan, China, and other countries. The company was
founded in 1944 and is based in Bluffton, Indiana. With 22.87 million
shares outstanding and 3.72 million shares declared short as of July
2008, there is no longer a failure to deliver in shares of FELE.
According to quarterly data provided by the SEC, there were still
11,741 shares of FELE that were failing-to-deliver as of September 28,
2007.
China Finance Online Co. Ltd. (NASDAQ: JRJC) through its subsidiaries,
specializes in online financial, and listed company data and
information operations in the People's Republic of China. It offers
securities market information, technical analysis, and fundamental
analysis services. The company also offers subscription-based services
on a single information platform that integrates data and information
from various sources with features and functions, such as data and
information search, retrieval, delivery, storage, and analysis. It
collects, processes, and provides financial analysis tools, historical
data, news, research reports, and online forums to its subscribers in
one integrated information platform, which allows them to make informed
investment decisions with respect to various listed company stocks,
bonds, and mutual funds. In addition, the company engages in storing
content; serving as an integral part of its information platform;
serving as download platforms for its service offerings; and displaying
online advertisements. It serves individual investors managing their
own money; professional investors, such as institutional investors
managing money on behalf of their clients and high net worth
individuals; and other financial professionals, including investment
bankers, stock analysts, financial reporters, and middle class
individuals. The company markets service offerings through its
Websites, as well as through customer support personnel at its
telemarketing and customer service centers. China Finance Online Co.
was founded in 1998 and is based in Beijing, the People's Republic of
China. With 19.73 million shares outstanding and 4.18 million shares
declared short as of July 2008, there is no longer a failure to deliver
in shares of JRJC. According to quarterly data provided by the SEC,
there were still 209,431 shares of JRJC that were failing-to-deliver as
of September 28, 2007.
Mesa Air Group Inc. (NASDAQ: MESA) through its subsidiaries, provides
scheduled passenger and airfreight services. It carries passengers, as
well as freight and express packages on its passenger flights. The
company also has interlined small cargo freight agreements with various
other carriers. In addition, Mesa Air Group contracts with the U.S.
Postal Service for carriage of mail to the cities it serves. Further,
it occasionally operates charter flights. As of September 30, 2007, the
company operated a fleet of 182 aircraft with approximately 1,100 daily
departures to 184 cities in the United States, the District of
Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded
in 1980 and is headquartered in Phoenix, Arizona. With 26.85 million
shares outstanding and 2.5 million shares declared short as of July
2008, there is no longer a failure to deliver in shares of MESA.
According to quarterly data provided by the SEC, there were still
31,014 shares of MESA that were failing-to-deliver as of September 17,
2007.
Bank of the Ozarks (NASDAQ: OZRK) operates as the holding company for
Bank of the Ozarks, which provides retail and commercial banking
products and services. The company offers deposit products and
services, including checking, savings, money market, time deposit, and
individual retirement accounts. It also provides real estate loans,
including loans secured by residential one to four family, non-farm and
nonresidential, agricultural, construction and land development, and
multifamily residential properties; consumer loans for the purchase of
automobiles, household appliances, furniture, trailers, boats, and
mobile homes; commercial, industrial, and professional loans, such as
loans to fund working capital requirements, purchases of machinery and
equipment, and other purposes; and agricultural loans for financing
agricultural production, including loans to businesses or individuals
engaged in the production of timber, poultry, livestock, or crops. In
addition, the company provides leases for commercial, industrial, and
professional purposes; box services; mortgage lending; cash management;
trust services; real estate appraisals; credit-related life and
disability insurance; ATMs; telephone banking, Internet banking, and
debit cards. It operates primarily the northern, western, and central
Arkansas; Dallas, Texas; and Charlotte, North Carolina. As of December
31, 2007, Bank of the Ozarks, Inc. operated 65 banking offices in 34
communities throughout northern, western, and central Arkansas; 5 Texas
banking offices in Frisco, Dallas, and Texarkana; and loan production
offices located in Charlotte, North Carolina, and Little Rock,
Arkansas. The company was founded in 1981 and is headquartered in
Little Rock, Arkansas. With 16.82 million shares outstanding and 3.21
million shares declared short as of July 2008, there is no longer a
failure to deliver in shares of OZRK. According to quarterly data
provided by the SEC, there were still 10,407 shares of OZRK that were
failing-to-deliver as of August 13, 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.
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
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