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Article Excerpt M2 PRESSWIRE-29 December 2006-BUYINS.NET: WG, IMMU, NTWK, ONSM, CSBR, INKS Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:29122006
BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Willbros Group Inc (NYSE: WG), Immunomedics Inc. (NASDAQ: IMMU), Netsol Technologies Inc. (NASDAQ: NTWK), Onstream Media Corporation (NASDAQ: ONSM), Champions Sports Inc (OTCBB: CSBR), InkSure Technologies, Inc. (OTCBB: INKS). 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.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
Willbros Group Inc (NYSE: WG) operates as an independent international contractor serving the oil, gas, and power industries; and government entities worldwide. The company provides construction, engineering, and specialty services. Its construction services include construction and replacement of large-diameter cross-country and offshore pipelines; fabrication of engineered structures, and process modules and facilities; construction of oil and gas production facilities, pump stations, flow stations, gas compressor stations, gas processing facilities, and other related facilities; and building of offshore platforms, subsea facilities, piers, docks, and bridges. Willbros Group provides these services for onshore, coastal, and offshore locations. Its engineering services comprise feasibility studies, conceptual and detailed engineering services, field services and material procurement, and...
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