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BUYINS.NET: AMPXQ, PCNTF, TOLWF Have Also Been Removed From Naked
Short List Today
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:30092008
BUYINS.NET, www.buyins.net, announced today that these select companies
have been removed from the NASDAQ, AMEX and NYSE naked short threshold
list: Ampex Corp. (OTC: AMPXQ), Pacific Internet Ltd. (OTC: PCNTF),
Trican Well Service, Ltd. (OTC: TOLWF). 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.
Ampex Corp. (OTC: AMPXQ) together with its subsidiaries, engages in the
development and licensing of visual information technology products.
The company operates in two segments, Recorders and Licensing. The
Recorders segment primarily engages in the sale and service of data
acquisition and instrumentation recorders that record data and images
rather than computer information; and mass data storage products
consisting of 19-millimeter scanning recorders and robotic library
systems, as well as related tape and after-market parts. The Licensing
segment involves in the licensing of its intellectual property to
manufacturers of consumer digital video products. Ampex Corporation
also holds patents and patent applications covering digital
image-processing, data compression, and recording technologies. In
addition, it develops and incorporates technology in the design and
manufacture of instrumentation recorders primarily for use in defense
applications to gather digital images and other data from aircraft,
satellites, and submarines, as well as for in flight and sensor test
applications. The company distributes its products directly through its
internal sales force, as well as through independent value-added
resellers. Ampex Corporation sells its products and services in the
United States, Europe, Africa, the Middle East, and Japan. Ampex
Corporation was founded in 1944 and is headquartered in Redwood City,
California. On March 30, 2008, Ampex Corp., along with its affiliates,
filed a voluntary petition for reorganization under Chapter 11 in the
US Bankruptcy Court for the Southern District of New York. With 3.90
million shares outstanding and 160,500 shares declared short as of
September 2008, there is no longer a failure to deliver in shares of
AMPXQ. According to quarterly data provided by the SEC, there were
still 94,566 shares of AMPXQ that were failing-to-deliver as of May 21,
2008.
Pacific Internet Ltd. (OTC: PCNTF) operates as a telco-neutral Internet
communications service provider in Singapore, Hong Kong, the
Philippines, Australia, India, Thailand, and Malaysia. It offers
various Internet access and Internet services to consumers and
corporate customers. The company's Internet access services and
products include Wireless broadband @ work, which offers flexibility
and mobility within the office environment; Wireless broadband @ home
that provides services in the home environment; consumer broadband and
corporate broadband; leased line access, which carries data traffic at
a speed from 64Kbps up to 2Mbps Internet connection; integrated
services digital network access; and dial-up access. It also offers
VAS/IP services, as well as voice and video, email outsourcing, Web
hosting, Internet data center, Internet backup, load balancing,
anti-spam mail guard, antivirus mail guard, managed security, managed
virtual private network, and international roaming services. In
addition, Pacific Internet provides travel services under the brand
Safe2Travel' for corporate customers in Singapore. Safe2Travel
provides a range of services, including air ticketing, hotel
reservation, car rental booking, corporate incentive travel, trade
mission travel, and other travel arrangements and services. Further, it
offers PacNet @irPower service, an enterprise-grade wireless service.
The company was founded in 1995. It was formerly known as Sembawang
Media Pte, Ltd. and changed its name to Pacific Internet Pte, Ltd. in
1998. Further, the name was changed to Pacific Internet Limited. The
company is headquartered in Singapore, Singapore. As of January 8,
2008, Pacific Internet Ltd. (OTCPK: PCNT.F) operates as a subsidiary of
Pacnet. With 13.84 million shares outstanding and 400 shares declared
short as of September 2008, there is no longer a failure to deliver in
shares of PCNTF. According to quarterly data provided by the SEC, there
were still 98,291 shares of PCNTF that were failing-to-deliver as of
June 15, 2006.
Trican Well Service, Ltd. (OTC: TOLWF) an oilfield services company,
provides a range of products, equipment, services, and technology for
use in the drilling, completion, stimulation, and reworking of oil and
gas wells primarily in western Canada, Russia, Kazakhstan, the United
States, and Algeria. The company operates in two divisions, Well
Service and Production Services. The Well Service division offers deep
coiled tubing; nitrogen; fracturing, including coalbed methane
fracturing; cementing services; and geological services, which are
performed on new and producing oil and gas wells. The Production
Services division provides acidizing, intermediate depth coiled tubing,
and industrial services, which are used in the stimulation and
reworking of existing oil and gas wells. Its industrial services
primarily include industrial cleaning, such as chemical cleaning,
mechanical cleaning, CO2 Blasting, pressure testing, leak detection,
tank cleaning, nitrogen purging and displacement, valve sealing and
isolation, process drying, and delayed coker drum cutting; and pipeline
services, such as nitrogen purging and displacement, hydrostatic
testing, liquid and gaseous pumping services, pipeline drying, pipeline
corrosion inhibitor application, pig tracking, pipeline blowdown,
filtering, and valve sealing and isolation. Trican Well Service, Ltd.
was founded in 1979 and is headquartered in Calgary, Canada. With 122.5
million shares outstanding and 4.45 million shares declared short as of
September 2008, there is no longer a failure to deliver in shares of
TOLWF. According to quarterly data provided by the SEC, there were
still 219,400 shares of TOLWF that were failing-to-deliver as of June
26, 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 2,150,000,000 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
((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
http://www.presswire.net on the world wide web. Inquiries to
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Copyright ? 2008 M2 Communications Ltd.
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