SAPX, RYCEY, RTRAF, NCS Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days
September 25, 2009 /M2 PRESSWIRE/ BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Seven Arts Pictures (NASDAQ: SAPX), Rolls Royce Group (OTC: RYCEY), Romarco Minerals (OTC: RTRAF) and NCI Building Systems (NYSE: NCS). 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 http://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.
Seven Arts Pictures plc (NASDAQ: SAPX), through its subsidiaries, engages in the production and licensing of motion pictures in the United Kingdom and internationally. It develops motion pictures for theatrical, video, and television. The company also provides a library of completed motion pictures for distribution and to deliver commissioned motion pictures; and loan financing facilities. As of June 30, 2008, it owned a library of approximately 32 motion pictures. Seven Arts Pictures plc has operations in Europe, North America, South America, Africa, the Middle East, Asia, and Australia. The company is based in London, the United Kingdom. The failure to deliver in shares of SAPX has not been resolved and a buy-in is expected.
Rolls-Royce Group plc (OTC: RYCEY) provides power systems for use on land, at sea and in the air. The company operates in four global markets: Civil Aerospace, Defense Aerospace, Marine, and Energy. Civil Aerospace The Civil Aerospace segment provides civil aero engines. It powers 30 civil aircraft types, from small executive jets through to large passenger aircraft. Defense Aerospace The Defense Aerospace segment manufactures defense aero-engines and also provides military engines. Its portfolio covers major sectors, including transport, helicopters, combat, trainers and tactical aircraft. Rolls-Royce is Europea�s defence aero engine company, serving 160 customers in 103 countries and with 18,000 engines in service. The company has a product range of 25 engines that power aircraft across the key market sectors of combat, transport, helicopters, trainers, patrol, maritime and reconnaissance. Marine The Marine segment provides marine propulsion for cruise, fast vessel, naval and offshore markets. It also designs ship for the offshore sector. The company supports 2,000 commercial marine customers and 70 navies, who use its propulsion systems and marine equipment. During 2008, the company acquired Scandinavian Electric Holding, which has increased its capability in the design and supply of power electric systems. Energy The Energy segment operates in the onshore and offshore oil and gas industry and in the global electrical power generation market. It has energy customers in approximately 120 countries. Engineering and Technology The companya�s engineering and technology activity includes its research and technology, product development and product upgrade operations across its four customer-facing businesses. Services The companya�s services business includes field services, the sale of spare parts, equipment overhaul services, parts repair, data management, equipment leasing and inventory management services. These services are typically sold as a package under its Total Care banner. Significant Events On May 7, 2009, Rolls Royce Group plc has partnered with the University of Virginia and Virginia Polytechnic Institute and State University to create the Commonwealth Center for Aerospace Propulsion Systems (CCAPS), a virtual research and technology center of excellence. Rolls Royce Group plc would collaborate with EDF Energy Plc on programs that would initially support the construction of four new nuclear power plants in the U.K. The agreement covers engineering and technical support during both the pre and post construction phases. In addition, joint development, validation and supervision of the supply chain, together with the potential for the provision of nuclear related systems, would be explored. History Rolls-Royce Group plc was founded in 1971. The failure to deliver in shares of RYCEY has not been resolved and a buy-in is expected.
Romarco Minerals Inc. (OTC: RTRAF), an exploration stage company, engages in the acquisition and exploration of precious metals mineral properties. Haile Gold Mine, South Carolina, USA The Haile Gold Mine is located in Lancaster County, South Carolina and is the companya�s primary property. The 2009 exploration program consists of 85,000 meters (270,000 feet) of reverse circulation drilling in approximately 500 holes averaging 700 ft (218 meters) in depth. McDowell Tract In 2008, the Haile entered into an agreement with a private party to purchase land adjoining the Haile Gold Mine in Lancaster County, South Carolina. Pinos Gold District, Mexico In 2006, the company entered into two agreements with Minera Apolo SA for the Pinos Gold District in Mexico. Catanava: The company has a 50/50 Joint Venture with Minera Apolo. Upon completion of an approximately 180 day drilling program, it has the option to provide the financing for an approximately 350 tonnes per day plant. Old Pinos District a" 100% exploration/exploitation license: The company has been granted a 100% right to explore and exploit this project area. Pine Grove, Nevada In 2005, the company and Toquima Minerals US Inc. (Toquima) agreed to enter into an option agreement whereby it has an option to earn a 60% interest in the Pine Grove Project. The Pine Grove Project is located in Lyon County, Nevada. History Romarco Minerals Inc. was founded in 1983. The failure to deliver in shares of RTRAF has not been resolved and a buy-in is expected.
NCI Building Systems, Inc. (NYSE: NCS) manufactures and markets metal products for the nonresidential construction industry in North America. The companya�s Metal Coil Coating segment consists of cleaning, treating, and painting various flat rolled metal coil substrates, as well as slitting and/or embossing the painted coils, before the steel is fabricated for use by various industrial users. It also cleans, treats, and coats hot-roll metal coils and light gauge metal for third parties for applications, such as construction products, heating and air conditioning systems, water heaters, lighting fixtures, ceiling grids, office furniture, and other products; and provides toll coating services and package coating. This segment serves other manufacturers of engineered building systems and metal components. Its Metal Components segment designs, manufactures, sells, and distributes metal components for construction applications, as well as for repair and retrofit uses. Its metal components include metal roof and wall systems, metal partitions, metal trim, doors, and other related accessories. This segment also manufactures roll-up doors; and sells interior and exterior walk doors for use in the self storage industry, and metal and other buildings. It sells metal components directly to regional manufacturers, contractors, subcontractors, distributors, lumberyards, cooperative buying groups, and other customers. The companya�s Engineered Building Systems segment designs, engineers, manufactures, and markets engineered building systems and self-storage building systems for commercial, industrial, agricultural, governmental, and community markets. This segment sells its products to builders, general contractors, developers, private labels, and end users through an in-house sales force. NCI Building Systems, Inc. was founded in 1984 and is headquartered in Houston, Texas. The failure to deliver in shares of NCS has not been resolved and a buy-in is expected.
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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 2.650,000,000 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 montha�s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
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