DIRECTOR OF RESEARCH: Thomas Ronk PH (800) 715-9999 … › reports › igxt10-29-16.pdf · RedHill...
Transcript of DIRECTOR OF RESEARCH: Thomas Ronk PH (800) 715-9999 … › reports › igxt10-29-16.pdf · RedHill...
IGXT SHORT SELLERS
RECENT IGXT NEWS
GlobeNewswire•last month
RedHill Biopharma and IntelGenx Announce RIZAPORT®
Commercialization Term Sheet
with Pharmatronic Co. for Korea RIZAPORT ® (5 mg and 10 mg)
was granted marketing approval in
Germany under the European Decentralized Procedure (DCP)
This binding term sheet for the license of RIZAPORT ® in South
Korea follows a recent ...
Marketwired•last month
IntelGenx and RedHill Biopharma Announce RIZAPORT(R)
Commercialization Term Sheet
with Pharmatronic Co. for Korea IntelGenx Corp. , and RedHill
Biopharma Ltd. , today announced
that they have entered into a binding term sheet agreement with
Pharmatronic Co. granting
Pharmatronic Co. the exclusive license to commercialize ...
GlobeNewswire•last month
RedHill Biopharma and IntelGenx
Announce RIZAPORT® Commercialization Term Sheet
with Pharmatronic Co. for Korea
K E Y D A T A P O I N T S I N S I D E
Daily Short Volume
Naked Short Volume
Market Maker Friction
OV E RV I E W O F I G X T S H O R T S A L E DATA
After careful analysis of
IGXT short sale, naked
short sale and market
maker friction factor
data it is clear that IGXT
has had issues with
short sellers who have
been especially
aggressive since mid
2011. Short sellers have
been building a sizable
position in shares of
IGXT as a percentage of
total trading volume and
market makers have
made a bearish market
lately. New evidence of
daily short sellers
shorting shares of IGXT
has now come to light
as the SEC has finally
given Buyins.net access
to DAILY short sale data
which is updated every
night. Protecting IGXT
from abusive shorting is
a high priority.
Starting in mid 2011 short sellers have aggressively shorted IGXT. Shorts have continued this
activity which warrants further investigation. Buyins.net will report the results of its
surveillance on a monthly basis.
DIRECTOR OF RESEARCH: Thomas Ronk PH (800) 715-9999 EMAIL: [email protected] DATE:10-29-2016
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t r a d i n g s e r v i c e
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NASDAQ, OTCBB and
PINKSHEETS. For more
information please visit
www.buyins.net
DAILY FAILURE TO DELIVER DATA (NAKED SHORTS) IN IGXT
Failures to Deliver in IGXT have occurred as short sellers have been lax at complying with
Regulation SHO since mid 2007. Buyins.net will continue to monitor and report short
sellers for non-compliance with Regulation SHO borrow requirements.
NEW DAILY SHORT SALE TRADING VOLUME STARTING 8-3-09
Shorts have been shorting IGXT on a daily basis. An average of 32.42% of daily trading
volume is short selling. This is higher than what is considered normal.
DAILY SHORT VOLUME CHART BELOW SHOWS AGGREGATE EXEMPT & NON-EXEMPT SHORT SALES
Date ShortVolume TotalVolume Percent SqueezeTrigger $Value
10/28/2016 19,784 78,722 25.13% $0.7630 $15,095
10/27/2016 24,337 83,687 29.08% $0.7576 $18,447
10/26/2016 55,412 118,117 46.91% $0.7513 $41,614
10/25/2016 16,864 132,255 12.75% $0.7504 $12,648
10/24/2016 16,900 116,786 14.47% $0.7253 $12,253
10/21/2016 1,414 60,245 2.35% $0.7337 $1,038
10/20/2016 38,682 75,453 51.27% $0.7457 $28,857
10/19/2016 39,361 86,119 45.71% $0.7267 $28,615
10/18/2016 33,700 85,705 39.32% $0.7200 $24,264
10/17/2016 250 47,696 0.52% $0.7221 $181
10/14/2016 18,000 59,400 30.30% $0.7185 $12,942
10/13/2016 1,000 54,470 1.84% $0.7161 $716
10/12/2016 9,609 39,442 24.36% $0.7127 $6,851
10/11/2016 4,585 27,725 16.54% $0.7173 $3,287
10/10/2016 84,758 218,757 38.75% $0.7034 $59,585
10/7/2016 7,960 71,182 11.18% $0.7400 $5,890
10/6/2016 9,585 17,756 53.98% $0.7418 $7,112
10/5/2016 5,100 33,409 15.27% $0.7289 $3,718
10/4/2016 70,759 131,812 53.68% $0.7231 $51,159
10/3/2016 4,025 74,529 5.40% $0.7368 $2,966
9/30/2016 49,200 219,717 22.39% $0.7326 $36,064
9/29/2016 44,711 128,873 34.69% $0.7624 $34,070
9/28/2016 50,022 226,518 22.08% $0.7615 $38,117
9/27/2016 2,500 34,831 7.18% $0.7710 $1,928
9/26/2016 15,064 187,654 8.03% $0.7695 $11,599
9/23/2016 57,816 157,033 36.82% $0.8107 $46,889
9/22/2016 72,194 170,098 42.44% $0.7796 $56,311
9/21/2016 46,013 121,323 37.93% $0.7919 $36,442
9/20/2016 57,517 287,719 19.99% $0.7697 $44,288
9/19/2016 8,694 42,062 20.67% $0.8212 $7,138
9/16/2016 66,555 138,409 48.09% $0.7956 $52,978
9/15/2016 109,209 203,918 53.56% $0.7731 $84,419
9/14/2016 232,905 722,819 32.22% $0.7175 $167,226
9/13/2016 246,756 827,796 29.81% $0.7652 $188,768
9/12/2016 171,108 588,161 29.09% $0.8639 $147,837
Total 125,051,472 385,696,593 32.42% $0.7062 $88,305,213
*Total includes data back to 8-3-09. Chart truncated for viewing.
MARKET MAKER SURVEILLANCE SYSTEM (FRICTION FACTOR)
The above data is used to calculate if a fair market is being made in the shares
of IGXT. 39% of recent trading days are positive or bullishly biased and 61%
of trading days are negative or bearishly biased. There is a bearish market
being made in IGXT in the past 38 trading days.
Friction Factor determines if there is normal or abnormal behavior in the price
action of the stock when compared to the buying vs. selling trading statistics. It
calculates number of net shares of buying or selling to move price +/- one cent.
Here is how to understand Friction Factor:
1. If Friction Factor is positive, more buying than selling caused IGXT’s price
to rise
2. If Friction Factor is negative, more selling than buying caused IGXT’s price
to fall
3. If Friction Factor is 0, there was no discernable activity either way
4. If Friction Factor is abnormal, it means that there is either a bearish bias or
a bullish bias to how market makers are making market in your stock.
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WWW.BUYINS.NET BUYINS.NET WILL ISSUE A VARIETY OF REPORTS ON IGXT
Trading Solutions to
Naked Short Selling
All material herein was prepared by
B U Y IN S . N E T, b a s ed u p o n
information believed to be reliable. The information contained herein is
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opinion have not approved the statements made in this opinion. This
opinion contains forward-looking
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should not be construed as an offer or solicitation of an offer to buy or sell
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directors and employees have not bought shares of stock discussed in
this opinion but the Company has
paid BUYINS.COM $1,333 per month for data provided in six
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p r o v i d e d b y T o m R o n k .
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.
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WHY BUYINS.NET IS BEST CHOICE FOR IGXT MARKET INTEGRITY
The data we provide is extremely useful for IGXT for the following reasons:
1. Stop naked short selling in shares of IGXT
2. Break the market maker hold on Level II box causing so much price friction
3. Our SqueezeTrigger Reports that cross newswires and are sent to our 750,000
users help break the rest of the shorts
4. Discourage new short sellers from shorting your stock
5. Stop the negative perception that dropping stock price places on normal day
to day business operations
6. Combined all of these facets help to stop the daily drain that the short attacks
have on the company.
Here is a quick technology overview:
http://www.buyins.com/brochure.pdf
Background information on our CEO:
http://www.buyins.com/images/tomronk.pdf
REGULATORY & COMPLIANCE NEWS
• Friction Factor – market maker surveillance system tracking Level II market
makers in all stocks to determine Price Friction and compliance with new “Fair
Market Making Requirements”
• RegSHO Naked Shorts – tracks EVERY failure to deliver in all US stocks
and tracks all Threshold Security Lists daily for which stocks have naked shorts
that are not in compliance with Regulation SHO
INVESTMENTS & TRADING
• SqueezeTrigger – 40 billion cell database tracks EVERY short sale (not just
total short interest) in all US stocks and calculates volume weighted price that a
short squeeze will begin in each stock
• Earnings Edge – predicts probability, price move and length of move before
and after all US stock earnings reports
• Seasonality – predicts probability, price move and length of move based on
exact time of year for all US stocks
• Group Trader – tracks sector rotation and stock correlation to its sector and
predicts future moves in ALL sectors and industry groups
• Pattern Scan – automates tracking of every technical pattern and predicts time
and size of move in all stocks
• GATS (Global Automated Trading System) – tracks all known trading
strategies and qualifies and quantifies which are working best in real time