TUSTIN, Calif., Feb. 16 /PRNewswire-FirstCall/ -- AMDL, Inc. announced today that BUYINS.NET, www.buyins.net, is initiating coverage of AMDL, Inc. after releasing the latest short sale data. From March 2005 to February 2007 approximately 15.2 million total aggregate shares of ADL have traded for a total dollar value of nearly $52.9 million. The total aggregate number of shares shorted in this time period is approximately 2.8 million shares. Total Short Interest reported on January 12th, 2007 was 116,436 and represents those shares that were not covered on January 12th only. The ADL SqueezeTrigger price of $3.47 is the volume weighted average short price of all short selling in ADL. A short squeeze began when shares of ADL closed above $3.47. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net. All share amounts and prices have been retroactively adjusted for the one-for-five reverse split effected September 28, 2006. Total Short Avg. Short Month Vol. Vol.(1) Price(2) $ Value(3) March ’05 168,000 12,933 $4.12 $53,336 April 214,060 16,481 $3.68 $60,617 May 198,560 15,289 $3.56 $54,460 June 899,660 69,274 $1.91 $132,486 July 291,660 22,458 $2.23 $50,092 August 310,660 23,918 $2.15 $51,399 September 186,820 68,611 $2.39 $164,049 October 114,220 21,817 $1.88 $40,972 November 114,580 21,550 $1.65 $35,558 December 317,400 67,115 $1.49 $100,270 January ’06 771,980 185,519 $2.44 $452,851 February 330,860 75,854 $2.71 $205,867 March 760,620 176,059 $2.96 $520,430 April 856,700 258,577 $2.91 $751,683 May 730,920 109,111 $3.64 $397,272 June 267,560 57,803 $3.68 $212,975 July 476,300 129,702 $2.47 $320,818 August 416,820 66,720 $2.47 $164,698 September 715,100 74,860 $3.06 $228,810 October 2,941,800 430,132 $4.21 $1,812,619 November 1,904,400 506,694 $4.91 $2,486,499 December 932,800 128,700 $4.41 $567,207 January ’07 763,200 138,307 $3.48 $480,671 February 547,431 99,205 $2.96 $293,637 Total: 15,232,111 2,776,688 $3.47 $9,639,277 (1) Short Volume is exact until January ’07 and approximated thereafter using a proprietary algorithm. (2) Average Short price is calculated using a volume weighted average short price. (3) Short Volume is the total short trade volume and does not account for covers. About AMDL, Inc.
AMDL, Inc. headquartered in Tustin, California, with operations in Shenzhen, Jaingxi and Jilin, China through its wholly owned subsidiary Jade Pharmaceutical Inc., is an international biopharma company. AMDL together with Jade engages in the development, manufacture and marketing of proprietary pharmaceutical and testing products. More information about AMDL and its products can be obtained at www.amdl.com.
About BUYINS.NET
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. The SqueezeTrigger database of nearly 1,200,000,000 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 month’s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. The Company has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. 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 of the market.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies’ annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: AMDL, Inc. Gary L. Dreher President & CEO (714) 505-4460
AMDL, Inc.
CONTACT: Gary L. Dreher, President & CEO of AMDL, Inc., +1-714-505-4460
