MLKKF, GGCRF, FONE, RTRAF, PWURF, MXGFF, Removed From Naked Short Lists Today
March 16, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , announced today that these select companies have been After the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. MERCATOR MINERALS LTD (OTC:MLKKF), GENCO RESOURCES LTD (OTC:GGCRF), FOCUS AFFILIATES INC (OTC:FONE), ROMARCO MINERALS INC (OTC:RTRAF), POWERTECH URANIUM CORP-A (OTC:PWURF), MAXIM POWER CORP (OTC:MXGFF). 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 .
MERCATOR MINERALS LTD (OTC:MLKKF) - Mercator Minerals Ltd. engages in the mining, exploration, development, and operation of mineral properties primarily in Arizona, the United States. The company principally holds a 100% interest in the Mineral Park mine covering an area of approximately 6,418 acres located near Kingman, Arizona, the United States. It produces copper, molybdenum, and silver ores. Mercator Minerals Ltd. also owns interest in the El Pilar copper project covering an area of approximately 7,169 hectares in 17 concessions located in the state of Sonora, Mexico. The company was formerly known as Silver Eagle Resources Ltd. and changed its name to Mercator Minerals Ltd. in March 2001. Mercator Minerals Ltd. was founded in 1984 and is headquartered in North Vancouver, Canada.There is a failure to deliver in shares of MLKKF
GENCO RESOURCES LTD (OTC:GGCRF) - Genco Resources Ltd. engages in the acquisition, exploration, extraction, processing, and reclamation of silver and gold properties in Mexico, Canada, and the United States. Its principal property includes the La Guitarra silver-gold property located in the Temascaltepec Mining District of Mexico. The company was formerly known as Globe Resources Inc. and changed its name to Genco Resources Ltd. in March 1998. Genco Resources Ltd. was incorporated in 1980 and is based in Vancouver, Canada.There is a failure to deliver in shares of GGCRF
FOCUS AFFILIATES INC (OTC:FONE) - Focus Affiliates, Inc. is engaged in the wholesale distribution of wireless communications products. The Company has begun to transition its business to that of a business-to-business (B2B) e-commerce provider of wireless communications products and services. The Company has adopted a new e-commerce strategy to exchange goods, services and information online. The emphasis will be on the elimination of supply chain friction and reducing transaction costs while helping wireless service providers gain access to a broader range of customers and generating new revenue opportunities through emerging channels.
The Company anticipates that new distribution channels may represent one of the faster growing segments of wireless subscriptions. Using its proprietary Web application, the Company intends to provide these new and emerging channels of wireless distribution with a turnkey, Internet-based business solution. The Company has built an e-commerce system that should provide meaningfully lower operational costs that may be shared with its customers, while its online order entry system is designed to significantly reduce errors associated with order taking. Focus' processes allow network operators to align themselves with name brand marketing companies that utilize Focus to completely manage this channel without conflicting with their current methods of distribution.
Through its wholesale distribution activities and its October 1999 acquisition of Cellular Wholesalers, Inc. (CWI), the Company has developed a customer base of more than 3,000 wholesalers, network operators, agents, dealers and retailers, principally in the domestic marketplace.
Strategic initiatives include B2B e-fulfillment programs targeting two new fast-emerging wireless telecom distribution channels, mobile virtual network operators (MVNOs) and e-retailers. Additional initiatives include operating a B2B wireless marketplace for the wireless telecom industry. Such activities would be designed to facilitate e-commerce between trading partners utilizing relationships and industry expertise.
As a distributor, the Company offers wireless products purchased indirectly and directly from leading manufacturers. The Company's product offerings include a variety of hand-held and mobile cellular telephones featuring brand names such as Ericsson, Motorola, Nokia, NEC, Audiovox and Samsung. The Company continually reviews and evaluates wireless products in determining the mix of products purchased for resale to customers. For the years ended December 31, 1997, 1998 and 1999, approximately, 92.0%, 92.3% and 84.7%, respectively, of the Company's net sales were derived from sales of wireless telephones. A significant portion of the Company's sales were of Motorola, Ericsson and Nokia products. Motorola, Ericsson and Nokia handsets are not available to the Company directly from these manufacturers. Since the Company purchases these handsets from third parties, it does not obtain price protection, cooperative advertising and marketing allowances on such products.
As part of its new strategic initiative, the Company's business-to-business (B2B) e-fulfillment programs are designed to provide comprehensive, Internet-enabled facilitation programs for network operators, manufacturers and other service providers. These services will include end-to-end transaction management and the facilitation of product procurement, inventory risk management, handset programming, kitting, shipping and returned goods management. In return for such services, the Company will seek to generate fees from the distribution channel or end user. The Company is primarily focused on two new fast-emerging wireless telecom distribution channels, MVNOs and e-retailers.
The Company's B2B marketplace, SourceWireless.com, seeks to provide prospective trading members with multiple ways to promote and sell their products and branding. Virtual StoreFronts are the cornerstone to the marketplace community for SourrceWireless.com. The WirelessStore aggregates the available fixed-price merchandise from paThere is a failure to deliver in shares of FONE
ROMARCO MINERALS INC (OTC:RTRAF) - Romarco Minerals Inc., an exploration and development stage company, engages in the acquisition, exploration, and development of precious metals mineral properties in the United States and Mexico. The company focuses on gold and silver projects. It owns the Haile Gold Mine in South Carolina, as well as controls the Pinos Gold District in Mexico. The company was founded in 1983 and is based in Toronto, Ontario.There is a failure to deliver in shares of RTRAF
POWERTECH URANIUM CORP-A (OTC:PWURF) - Powertech Uranium Corp., through its subsidiary, Powertech (USA), Inc., engages in the exploration and development of uranium properties principally in South Dakota, Wyoming, and Colorado. It holds interests in the Dewey-Burdock uranium deposit in South Dakota; the Centennial project in Colorado; and the Dewey Terrace and Aladdin projects in Wyoming. The company was formerly known as Powertech Industries Inc. and changed its name to Powertech Uranium Corp. in June 2006. Powertech Uranium Corp. was incorporated in 1984 and is headquartered in Vancouver, Canada.There is a failure to deliver in shares of PWURF
MAXIM POWER CORP (OTC:MXGFF) - Maxim Power Corp., an independent power producer, engages in the acquisition, development, ownership, and operation of power generation facilities. It focuses on power projects that utilize carbon based fuels, such as natural gas, coal, and biogas, as well as sells electricity and heat. As of March 25, 2010, it owned and operated 44 power plants with approximately 809 megawatts (MW) of electric and 117 MW of thermal net generating capacity in western Canada, the United States, and France. The company was formerly known as Jupiter Power International Inc. and changed its name to Maxim Power Corp. as a result of acquisition of Maxim Energy Group Ltd. in December 2000. Maxim Power Corp. was incorporated in 1993 and is headquartered in Calgary, Canada.There is a failure to deliver in shares of MXGFF
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