M2 PRESSWIRE-7 February 2008-BUYINS.NET: CSIQ, ONSM, CSOL, PPTI, ZYNX, CNCTU Have Also Been Removed From Naked Short List Today(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:07022008
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Canadian Solar Inc. (NASDAQ: CSIQ), Onstream Media Corp. (NASDAQ: ONSM), China Solar & Clean Energy Solutions Inc. (OTCBB: CSOL), Protein Polymer Technologies Inc. (OTCBB: PPTI), Zynex Medical Holdings Inc. (OTCBB: ZYNX), 180 Connect Inc. (OTCBB: CNCTU). 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.
Canadian Solar Inc. (NASDAQ: CSIQ) together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers' requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. In addition, the company implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of the People's Republic of China. It sells standard solar modules to distributors and system integrators, and specialty solar modules and products directly to various manufacturers, who integrate these solar modules into their own products or sell and market them as part of their product portfolio. Canadian Solar offers its products to customers located in various markets worldwide, including Germany, Spain, Canada, China, Japan, and the United States. The company was founded in 2001 and is headquartered in Markham, Canada. With 27.29 million shares outstanding and 3.09 million shares declared short as of January 2008, there is no longer a failure to deliver in shares of CSIQ. According to quarterly data provided by the SEC, there were still 481,696 shares of CSIQ that were failing-to-deliver as of September 28, 2007.
Onstream Media Corp. (NASDAQ: ONSM) operates as an online service provider of live and on-demand Internet video, corporate Web communications, and content management applications. Its Digital Media Services Group consists of Smart Encoding, Digital Media Services Platform (DMSP), User Generated Content (UGC), and EDNet divisions. The Smart Encoding division provides automated and manual encoding and editorial services for processing digital media, and online search, retrieval, and streaming of these media, which include photos, videos, audio, engineering specs, architectural plans, and Web pages. The DMSP division offers an online subscription-based service that includes access to enabling technologies and features for clients to acquire, store, index, secure, manage, distribute, and transform digital assets into saleable commodities. The UGC division provides a video ingestion and flash encoder that could be used by its clients on a stand-alone basis or in conjunction with the DMSP. The EDNet division provides connectivity within the entertainment and advertising industries through its managed network, which encompasses production and post-production companies, advertisers, producers, directors, and talent. The company's Web Communications Services Group comprises Webcasting, Infinite Conferencing, and Travel divisions. The Webcasting division provides an array of corporate-oriented, Web-based media services to the corporate market, which include live audio and video Webcasting, and on-demand audio and video streaming. The Infinite Conferencing division offers reservationless and operator-assisted audio and Web conferencing services. The Travel division produces and distributes Internet-based multi-media streaming videos related to hotels, resorts, time-shares, golf facilities, and other travel destinations. The company was founded in 1993 and is headquartered in Pompano Beach, Florida. With 42.15 million shares outstanding and 708,800 shares declared short as of January 2008, there is no longer a failure to deliver in shares of ONSM. According to quarterly data provided by the SEC, there were still 228,835 shares of ONSM that were failing-to-deliver as of September 28, 2007.
China Solar & Clean Energy Solutions Inc. (OTCBB: CSOL) operates through its wholly owned subsidiaries Bazhou Deli Solar Heating Energy Co. Ltd., Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in Tianjin Huaneng Energy Equipment Company, all of which are located in the PRC. The Company manufactures and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems. With 6.21 million shares outstanding and 82,300 shares declared short as of January 2008, there is no longer a failure to deliver in shares of CSOL.
Protein Polymer Technologies Inc. (OTCBB: PPTI) a biotechnology company, engages in the research, development, production, and clinical testing of bio-active devices to improve medical and surgical outcomes. The company focuses primarily on developing technology and products, including protein polymers, which are used for soft tissue augmentation, tissue adhesives, and sealants; wound healing support products; and drug delivery devices. It, through its proprietary technology, produces molecular weight polymers that can be processed into a variety of material forms, such as gels, sponges, films, and fibers. The company also develops and offers surgical tissue sealants that include tissue adhesives and sealants; wound healing and tissue regeneration products, including fabric dressings, synthetic materials, and biological materials; urethral bulking agent that relieves female stress incontinence; and dermal filler devices. In addition, Protein Polymer develops coating technology that modifies and improves surface properties of traditional biomedical devices. The company was founded in 1988 and is based in San Diego, California. With 67.81 million shares outstanding and 1 million shares declared short as of January 2008, there is no longer a failure to deliver in shares of PPTI. According to quarterly data provided by the SEC, there were still 144,827 shares of PPTI that were failing-to-deliver as of September 28, 2007.
Zynex Medical Holdings Inc. (OTCBB: ZYNX) engages in the engineering, manufacture, and marketing of medical devices for the electrotherapy and stroke rehabilitation markets primarily in the United States. It primarily offers two medical device product lines, which consist of standard electrotherapy products for pain relief and pain management; and NeuroMove for stroke and spinal cord injury rehabilitation. The company's products are useful for patients suffering with impaired mobility from stroke and spinal cord injury, as well as for those suffering from debilitating and chronic pain. Its electrotherapy products include IF 8000, an interferential and muscle stimulation device; IF 8100, a fixed program version of the IF8000; TruWave, a dual channel transcutaneous electrical nerve stimulation device; E-Wave, a dual channel neuromuscular electrical stimulation device; and NM 900, an EMG triggered electrical stimulation device. In addition, the company distributes Elpha 3000, a dual channel neuromuscular electrical stimulation device; Conti4000, an electrical stimulation device for incontinence treatment; Arista 2000 and Elpha 1000 dual channel TENS devices; DCHT, a cervical traction device; LHT, a lumbar traction device; and electrodes that are reusable for delivery of electrical current to the body. Zynex Medical Holdings markets its products through commissioned, independent sales representatives, as well as directly to end users through advertisements and articles in relevant publications and on the Internet. The company was founded in 1996 and is headquartered in Littleton, Colorado. With 26.82 million shares outstanding and 4,000 shares declared short as of January 2008, there is no longer a failure to deliver in shares of ZYNX. According to quarterly data provided by the SEC, there were still 10,925 shares of ZYNX that were failing-to-deliver as of September 17, 2007.
180 Connect Inc. (OTCBB: CNCTU) is one of North America's largest providers of installation, integration and fulfillment services to the home entertainment, communications and home integration service industries. With more than 4,000 skilled technicians and 750 support personnel based in over 85 operating locations, 180 Connect is well positioned as the only pure play national residential service provider in the market. 180 Connect shares are traded under the name of 180 Connect Inc. on the OTCBB under the symbols CNCT.OB, CNCTU.OB and CNCTW.OB. With 9.00 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of CNCTU.
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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 1,800,000,000 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.
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