Friday , May 01, 2009 10:08ET
May 01, 2009 (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: Neomedia Technologies Inc (OTCBB: NEOM), Bederra Corp New (OTC: BEDA), Revenge Designs, Inc. (OTC: RVGD). 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.
Neomedia Technologies Inc (OTCBB: NEOM) together with its subsidiaries, provides a suite of software and hardware for processing 1D and 2D barcodes in the mobile environment, and enabling applications in mobile marketing, mobile couponing, mobile ticketing and mobile payment in Europe and internationally. Its barcode ecosystems include NeoReader, a barcode scanning application that transforms mobile camera phones into barcode readers; NeoReader Enterprise and Lavasphere Enterprise software solutions that equip mobile devices to read 1D and 2D barcodes for commercial applications; NeoSphere, a Web-based campaign management system for users to develop, launch, and manage a mobile code campaign; NeoMedia Code Routing Service to retrieve and deliver Internet content to mobile phones; and NeoMedia MSS, a system that supports third-party ticketing/couponing systems and databases. The company also provides hardware products to read, interpret, and transmit barcodes and barcode information. Its hardware products include EXIO II, a multi-application smart scanner for mobile couponing and ticketing applications for customers to redeem mobile tickets and coupons; and XELIA, a versatile desktop scanner that enable reading of 2D codes from mobile phone displays, as well as automatically recognizes printed 1D barcodes and 2D codes sent as text messages. The company's legacy software products include MaxiCode Encoder that creates symbols in the print stream of choice; Portable Date File 417 Encoder, which creates bar code print streams for desktop, mid-range, and mainframe platforms; and Wang Interchange Source Processor, an integrated set of utilities that facilitate the migration of Wang VS COBOL applications to the open systems and Internet-ready world of UNIX or Windows NT. In addition, NeoMedia offers enabling applications in mobile marketing, couponing, ticketing, and payment. The company was founded in 1989 and is headquartered in Atlanta, Georgia. With 1.3 billion shares outstanding and 519,500 shares declared short as of April 2009, there is no longer a failure to deliver in shares of NEOM. According to quarterly data provided by the SEC, there were still 21,053,832 shares of NEOM that were failing-to-deliver as of November 19, 2007.
Bederra Corp New (OTC: BEDA) provides medical diagnostic services. Its diagnostic imaging facilities provide services, such as magnetic resonance imaging, computerized tomography, ultrasound, x-ray, nuclear medicine, and various cardiac diagnostic services. The company was founded in 1979 and is based in Houston, Texas. With 644,000 shares outstanding and 39,400 shares declared short as of April 2009, there is no longer a failure to deliver in shares of BEDA.
Revenge Designs, Inc. (OTC: RVGD) designs and manufactures cars and accessories. It also offers magnuson superchargers, wheel rims, short shifter kit, differential parts, performance brakes, stainless steel exhaust systems, aerodynamic trunk wings, carbon fibre rear garnishes, and sports mirrors. The company is headquartered in Decatur, Indiana. With 1.74 billion shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of RVGD. According to quarterly data provided by the SEC, there were still 45,438,084 shares of RVGD that were failing-to-deliver as of March 18, 2008.
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 2,550,000,000 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 info@m2.com.
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Public Companies Associated with this story:
BEDA NEOM RVGD
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