BUYINS.NET: IBNW, BNPQY, MMIRF, WTKWY Have Been Removed From Naked Short List Today
Jun 26, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: BNP Paribas (BNPQY), IB3 Networks Inc (IBNW), Medmira Inc. (MMIRF), Wolters Kluwer N.V. (WTKWY)
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Ib3 Networks Inc. (OTCBB: IBNW), Bnp Paribas (OTC: BNPQY), MedMira, Inc. (OTC: MMIRF), Wolters Kluwer N V Ord (OTC: WTKWY). 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.
Ib3 Networks Inc. (OTCBB: IBNW) through its wholly-owned subsidiary, iBeam Solutions, LLC, engages in delivering various information technology (IT) related solutions in the United States and internationally. The company's IT solutions include scalable hosting solutions, managed hosting, dedicated hosting and co-location, IT infrastructure, virtual help desk, managed services, staff augmentation, design and implementation of networks, security and Internet monitoring, technical support, Web development, application development, database development and support, and wireless solutions. It also resells IT related hardware and software. Through its other subsidiary, NYC Mags, Inc, the company also engages in the development, promotion, and operation of its online dating social community, MadisonAvenueMatch.com. The site would be a social networking site designed to help single professionals in New York meets other local single professionals and upwardly mobile individuals for dating, romance, and possible marriage. The site also offers its members access to host and sponsor social events designed to bring single professionals together in a social setting. The company was formerly known as Language Access Network, Inc. and changed its name to IB3 Networks, Inc. in September 2008. IB3 Networks, Inc. was founded in 2000 and is based in Canal Winchester, Ohio. With 25.75 million shares outstanding and 195,100 shares declared short as of June 2009, there is no longer a failure to deliver in shares of IBNW.
Bnp Paribas (OTC: BNPQY) provides a range of banking and financial services worldwide. It primarily offers advisory services for mergers and acquisitions, primary equity market transactions, and other financial issues, such as privatizations. The company's primary market services include flotations, equity issues, secondary issue placements, and convertible/exchangeable bond issues. It also involves in equities and derivatives businesses comprising research, structuring, trading, and sale of Asian equities and global equity derivatives, indexes, and funds. In addition, the company designs and structures financing arrangements, such as syndicated loans, acquisition and LBO financing, media and telecommunications financing, and real estate financing. Further, it offers securities financing, trustee services, collateral management, outsourcing of middle and back-office functions, and fund administration/accounting, as well as provides personal loans, installment sales, and automobile financing and revolving credits. Additionally, it provides solutions, such as the management vehicles; leasing and management of information technology equipment; the financing of equipment sales and investments; mortgage services for financing property acquisitions for personal and investment purposes; fund management and discretionary asset management services; investment products, such as mutual funds, life insurance policies, and online brokerage; and securities services and investment operations solutions to issuers, financial intermediaries, and institutional investors, as well as real estate development and management. With 57,700 shares declared short as of June 2009, there is no longer a failure to deliver in shares of BNPQY. According to quarterly data provided by the SEC, there were still 615,960 shares of BNPQY that were failing-to-deliver as of June 1, 2005.
MedMira, Inc. (OTC: MMIRF) engages in the development, manufacture, and marketing of rapid diagnostic products. The company's products include HIV testing products, such as Reveal G3 Rapid HIV-1 Antibody Test, MedMira Rapid HIV Test, MiraWell Rapid HIV Test, and MiraCare Rapid HIV Antibody Test to detect antibodies to HIV in human serum, plasma, or whole blood. It also offers hepatitis testing products, including MiraWell Rapid HBV Test to detect hepatitis B virus (HBV) in serum, plasma, or whole blood; and MiraWell Rapid HCV Test to detect hepatitis C virus (HCV) in serum, plasma, or whole blood. In addition, the company provides the Multiplo product line for simultaneous detection of multiple diseases. Its Multiplo product line comprises Multiplo Rapid HIV/HCV Antibody Test for the simultaneous detection of infection with HIV and /or HCV; and Multiplo Rapid HBV/HIV/HCV Antibody Test for the simultaneous detection of antibodies against HBV, HIV, and/or HCV in serum, plasma, or whole blood. Further, MedMira, Inc. offers MedMira Rapid H. pylori Antibody Test for detecting antibodies specific to helicobacter pylori from serum or plasma; and MiraWell Rapid H. pylori Test to detect H. pylori antibodies in serum, plasma, or whole blood produced in response to H. pylori infection. It sells its rapid tests to various sectors of the healthcare industry, including laboratories, hospitals, point-of-care facilities, governments, and public health agencies through a network of medical distributors worldwide. With 129.1 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of MMIRF. According to quarterly data provided by the SEC, there were still 215,050 shares of MMIRF that were failing-to-deliver as of June 25, 2008.
Wolters Kluwer N V Ord (OTC: WTKWY) together with its subsidiaries, operates as an information services and publishing company in North America, Europe, the Asia Pacific, and Latin America. It operates in four divisions: Health; Corporate and Financial Services; Tax, Accounting, and Legal; and Legal, Tax, and Regulatory Europe. The Health division provides marketing and publications services, business intelligence products, and advanced analytical tools and consulting services to support life sciences professionals; and delivers critical information, tools, and workflow solutions at the point-of-care, including drug information, medicine guidelines, synoptic contents, and procedure documentation and coding. With 90,900 shares declared short as of June 2009, there is no longer a failure to deliver in shares of WTKWY. According to quarterly data provided by the SEC, there were still 432,859 shares of WTKWY that were failing-to-deliver as of July 8, 2005.
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 2,600,000,000 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.
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Companies: BNP Paribas (BNPQY), IB3 Networks Inc (IBNW), Medmira Inc. (MMIRF), Wolters Kluwer N.V. (WTKWY)
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