NEWS!!!
BUYINS.NET: WHT, BBW, MACM, QMMG, CSCAU, WGLT Have Been Removed From Naked Short List Today
Jul 03, 2007 (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: Westside Energy Corp. , BuildABear Workshop Inc. , MacroChem Corp. , Quest Minerals & Mining Corp. , Chardan South China Acquisition Corp. Unit 8/3/2009 , WGL Entertainment Holdings, Inc. . 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.Westside Energy Corp. engages in the acquisition, exploration, development, production, and sales of oil and natural gas liquids. It sells its oil and gas products primarily to natural gas pipelines and crude oil marketers. The company owns interests in approximately 76,733 gross acres located the Barnett Shale in the Fort Worth Basin located in north central Texas. As of December 31, 2006, it had reserves of 149,615 barrels of oil and 5,835,035 Mcf of natural gas. It has a joint exploration agreement with Forest Oil Corporation. The company was founded in 1995. It was formerly known as Eventemp Corporation and changed its name to Westside Energy Corporation in 2004. The company is based in Dallas, Texas. With 21.48 million shares outstanding and 23,200 shares declared short as of June 2007, there is no longer a failure to deliver in shares of WHT.
BuildABear Workshop Inc. and subsidiaries operates as a specialty retailer of plush animals and related products. The company offers merchandise, including various styles of animals to be stuffed, as well as offers clothing, shoes, and accessories for the stuffed animals. As of December 30, 2006, it operated 271 retail stores in the United States, Canada, the United Kingdom, and Ireland, as well as operated 34 franchised stores internationally. The company was founded in 1997 and is headquartered in St. Louis, Missouri. With 20.61 million shares outstanding and 5.88 million shares declared short as of June 2007, there is no longer a failure to deliver in shares of BBW.
MacroChem Corp. a specialty pharmaceutical company, engages in the research and development of pharmaceutical products. It develops product candidates using its drug delivery technologies, Soft Enhancement of Percutaneous Absorption (SEPA), MacroDerm, and DermaPass. The company's lead product candidate under Phase 2 study includes EcoNail, a SEPA-based econazole lacquer for the treatment of onychomycosis, known as nail fungus. Its other clinical stage product candidate includes Opterone, a topically applied SEPA-based testosterone cream designed to treat male hypogonadism. The company is also developing SEPA-based formulations to deliver other pharmaceutical ingredients, including topical anesthetic and topical nonsteroidal anti-inflammatory drugs. MacroChem Corporation was founded in 1981 and is based in Wellesley Hills, Massachusetts. With 2.85 million shares outstanding and 55,300 shares declared short as of June 2007, there is no longer a failure to deliver in shares of MACM.
Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey. With 239.04 million shares outstanding and 151,700 shares declared short as of June 2007, there is no longer a failure to deliver in shares of QMMG.
Chardan South China Acquisition Corp. Unit 8/3/2009 is a blank check company incorporated in March 2005 to acquire an operating business based south of the Yangtze River in the People's Republic of China ("PRC"). Although GaoKe's principal offices are located north of the Yangtze River, CSCA's board and management will seek shareholder approval to remove this restriction in the normal course of closing the transaction. With 5.75 million shares outstanding and 400 shares declared short as of June 2007, there is no longer a failure to deliver in shares of CSCAU.
WGL Entertainment Holdings, Inc. engages in the development and marketing of Play for Pay' concept through wholesale membership distribution channels in the United States. The company enables amateur golfers to compete in various golf tournaments with its Play for Pay' concept. It also produces the WGL Million Dollar Shootout, a reality-based television series. The company focuses on the development and production of golf themed reality television shows. The company was formerly known as World Golf League Inc. (WGL) and changed its name to WGL Entertainment Holdings, Inc. in August 2006. The company was founded in 2003 and is based in Longwood, Florida. With 45.23 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of WGLT.
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 1,450,000,000 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,
www.buyins.net Tel: +1 800 715 9999 e-mail: Tom@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
www.presswire.net on the world wide web. Inquiries to info@m2.com.
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As of Friday, 06-29-2007 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-15-2007 for BBW @ $23.60. As of Friday, 06-29-2007 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-27-2007 for FST @ $41.75. As of Friday, 06-29-2007 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-30-2005 for WHT @ $3.94. For more information on SmarTrend, contact your market data provider or go to
www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc.
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