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ETRM, FORSY, PIR, QMIN, DRGDF, COHG Have Been Added To Naked Short Lists Today

^{Published on 2009-10-15 07:47:15, Last Modified on 2010-12-22 17:09:19 - WOPRAI}
 

October 15, 2009 /M2 PRESSWIRE/ BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. EnteroMedics (NASDAQ: ETRM), Fortis (OTC: FORSY), Pier 1 Imports (NYSE: PIR), Quest Minerals and Mining (OTC: QMIN), Detour Gold (OTC: DRGDF) and Cheetah Oil and Gas (OTCBB: COHG). 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 .

EnteroMedics Inc.(NASDAQ: ETRM), a development stage medical device company, focuses on design and development of devices that use neuroblocking technology to treat obesity and other gastrointestinal disorders. Its proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses. The companya�s initial product under development is the Maestro System, which is used to limit the expansion of the stomach, control hunger sensations between meals, reduce the frequency and intensity of stomach contractions, and produce a feeling of early and prolonged fullness. It focuses on marketing its product to potential referral source clinicians, such as general practitioners, internists, endocrinologists, and nurses. EnteroMedics has collaboration with Mayo Clinic for research and development of devices for vagal blocking therapy to treat obesity. The company formerly known as Beta Medical, Inc. and changed its name to EnteroMedics, Inc. in October 2003. EnteroMedics was founded in 2002 and is headquartered in St. Paul, Minnesota. There is a failure to deliver in shares of ETRM.

Fortis NL N.V. (OTC: FORSY) offers insurance, investments, and banking services. The company was formerly known as Fortis Amev N.V. There is a failure to deliver in shares of FORSY.

Pier 1 Imports, Inc (NYSE: PIR), together with its subsidiaries, operates as a specialty retailer of imported decorative home furnishings, gifts, and related items. Its stores offer furniture, decorative home furnishings, dining and kitchen goods, epicurean products, bath and bedding accessories, candles, and other specialty items for the home. The companya�s decorative accessories include wood accessories, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, bedding, and seasonal and gift items. Its furniture products comprise furniture and furniture cushions to be used on patios, and in living, dining, kitchen, bedroom, and sunrooms, as well as wall decorations and mirrors. As of March 1, 2008, the company operated 1,011 stores in the United States and 81 stores in Canada under Pier 1 Imports name. Pier 1 Imports, Inc. also operates in Mexico and Puerto Rico. The company was founded in 1970 and is headquartered in Fort Worth, Texas. There is a failure to deliver in shares of PIR.

Quest Minerals & Mining Corp. (OTC: QMIN) acquires and operates energy and mineral related properties in the southeastern part of the United States. It focuses on properties that produce blend coal. The company operates as a holding company for Quest Minerals & Mining, Ltd., which in turn owns Quest Energy, Ltd. and Gwenco, Inc. Gwenco leases approximately 700 acres of coal mines, with approximately 12,999,000 tons of coal in place in 6 seams that include the Lower Cedar Grove and Pond Creek seams. Quest Minerals & Mining Corp. is based in Paterson, New Jersey. There is a failure to deliver in shares of QMIN.

Detour Gold Corporation (OTC: DRGDF) engages in the acquisition, exploration, and development of mineral resource properties in Canada. Its flagship project consists of the Detour Lake property located on the Abitibi Greenstone Belt in northeastern Ontario. The property totals 265 square kilometers and hosts the Detour Lake deposit, which contains an in-pit gold resource of 13.2 million ounces. Detour Gold Corporation has a joint venture agreement with Trade Winds Ventures Inc. The company was founded in 2006 and is based in Toronto, Canada. There is a failure to deliver in shares of DRGDF.

Cheetah Oil & Gas, Ltd. (OTCBB: COHG) engages in the exploration for and production of oil and natural gas primarily in the Mississippi. It holds working interest in certain oil and gas interests in the Belmont Lake field, as well as and an option to drill wells on approximately 140,000 acres of exploration lands. The company was founded in 2003 and is based in Nanaimo, Canada. There is a failure to deliver in shares of COHG.

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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.

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