posted
Little on the old side on the news, however couldn't hurt to take a look..
OTV, was on a screamer, but I missed it.
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**********: FTK, OTV, SUF, XTLB, MICG, PTGC Have Been Added To Naked Short Lists Today
By M2 Last Update: 10/27/2005 9:07:09 AM Data provided by
Oct 27, 2005 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. Flotek Industries (FTK), OneTravel Holdings (OTV), Sulphco, Inc. (SUF), XTL Biopharmaceutica (XTLB), Microfield Group (MICG) and Petrogen Corp. (PTGC). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********/squeezetrigger.pdf .
Flotek Industries, Inc. (FTK) provides products and services that are used in the exploration and production of crude oil and natural gas world wide. The company operates in three segments: Chemicals and Logistics, Drilling Products, and Production Products. The Chemicals and Logistics segment develops, manufactures, packages, and sells chemicals used by other oilfield service companies in oil and gas well cementing, stimulation, and production. The Drilling Products segment manufactures and markets the Turbeco line of casing centralizers, Dura-Flo mud shaker screens, and external casing packers for coal bed methane drilling. The Production Products segment manufactures and markets the Petrovalve line of downhole pump components. The company sells its products and services through direct sales employees. Flotek primarily operates in the United States and Canada. The company is headquartered in Houston, Texas. With 6.8 million shares outstanding and 80,210 shares declared short as of October 11th, there is a failure to deliver in shares of FTK.
OneTravel Holdings, Inc. (OTV) operates as a diversified travel and leisure company in the United States. The company primarily operates through three subsidiaries, including FS SunTours, Inc.; Farequest Holdings, Inc.; and OneTravel, Inc. FS SunTours specializes in the distribution of leisure travel products and services under the SunTrips brand. Farequest operates as a travel agency and consolidator that sells and distributes travel products, including airline tickets, lodging, car rentals, and cruises and vacation packages to consumers, corporations and travel agencies through online sales on the Internet, and telephone sales through call center agents. Farequest markets its call center travel services under the trade name of 1-800-CHEAPSEATS; and operates an online travel Web site to distribute travel products and services to consumers under the brand name of 1800cheapseats.com. OneTravel operates an online travel Web site, which provides a range of travel services. The company was incorporated in 1982. It was formerly known as eResource Capital Group, Inc. and changed its name to RCG Companies Incorporated in 2003. Further, the company changed its name to OneTravel Holdings, Inc. in June 2005. OneTravel Holdings is headquartered in Charlotte, North Carolina. With 2.92 million shares outstanding and 44,270 shares declared short as of October 11th, there is a failure to deliver in shares of OTV.
SulphCo, Inc. (SUF), a development stage company, engages in the development and commercialization of technology for upgrading and desulfurizing of crude oil and petroleum products. Its Sonocracking process is based upon the use of ultrasonics that include the application of energy and frequency sound waves to effect beneficial changes, such as reduction in the weight percentage of sulfur, as well as a reduction in the parts per million of nitrogen in the chemical composition of crude oil. The company's target customers include crude oil producers and refiners. SulphCo has a collaboration agreement with ChevronTexaco Energy Technology Co. to develop and commercialize Sonocracking ultrasound technology. The company is headquartered in Sparks, Nevada. With 56.64 million shares outstanding and 2.68 millon shares declared short as of October 11th, there is a failure to deliver in shares of SUF.
XTL Biopharmaceuticals Ltd. (XTLB) is a biopharmaceutical company developing drugs against hepatitis. It has initiated the Phase1a clinical trial of XTL-6865 for the treatment of hepatitis C ("HCV"). This trial is being conducted under an investigational new drug application ("IND"), filed with the Food and Drug Administration ("FDA") in April this year. The trial is a multi-center trial and will be conducted in the US and Israel. XTL-6865 is being developed to prevent HCV re-infection following a liver transplant and for the treatment of chronic HCV disease. XTL-6865 is a combination of two fully human monoclonal antibodies (Ab68 and Ab65) against the hepatitis C virus E2 envelope protein. A single antibody version of this product was tested in a pilot clinical program that included both Phase I and Phase II clinical trials and provided preliminary evidence of anti-viral activity in humans. With 134.7 million shares outstanding and 11,093 shares declared short as of October 11th, there is a failure to deliver in shares of XTLB.
Microfield Group Inc. (MICG) was acquired by ENERGYCONNECT, Inc. in a reverse merger transaction. Microfield Group, Inc. specializes in the installation of electrical products and services. The company, through its wholly owned subsidiary, Christenson Velagio, Inc., operates in the electrical services and technology infrastructure sectors. It provides computer telephony integration, digital video CCTV systems and infrastructure, telecommunications systems and infrastructure, enterprise security systems, wireless networking solutions, life safety systems design and installation, information technology network design and engineering, voice/data systems and infrastructure, electrical design and engineering, electrical construction services, lighting services, and electrical system audits. The company provides electrical and technology products and services for a range of end use customers in the western United States. Microfield Group was incorporated in 1986 and is headquartered in Portland, Oregon. With 18.77 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of MICG.
Petrogen Corp. (PTGC) operates as an oil and natural gas development and production company with operations based in Houston, Texas. The company engages in the acquisition of oil and natural gas properties throughout the continental United States. Its principal geographic areas of focus lie in the Gulf of Mexico, Rocky Mountains, and Permian Basin regions, with core assets presently located in the Baxterville Field in southern Mississippi, Enos Creek Field in central Wyoming, and Emily Hawes Field in southern Texas and the Adams Ranch Field in east Texas. Petrogen is headquartered in Houston, Texas. With 30.6 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of PTGC.
About **********
WWW.********** 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. ********** 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.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.**********/squeezetrigger.pdf. The SqueezeTrigger database of nearly 300,000,000 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 ********** 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, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** 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. ********** 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. ********** may receive compensation in cash or shares from independent third parties or from the companies mentioned.
********** 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.
********** 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 ********** undertakes no obligation to update such statements.
Posts: 10729 | From: oregon | Registered: Feb 2005
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