LocateStock.com Daily High Five For Friday June 20, 2008

Jersey City, NJ – June 20, 2008

The LocateStock.com HIGH FIVE for Friday, June 20^th are:

                       
5 – VirnetX Holding Corp. – AMEX:VHC

4 – International Coal Group – NYSE:ICO

3 – Fieldpoint Petroleum – AMEX:FPP

2 – ReneSola – NYSE:SOL

1 – Lehman Brothers – NYSE:LEH

 

VirnetX Holding Corporation, (AMEX:VHC) a development-stage company, focuses on developing solutions for real-time communications, such as instant messaging and voice over Internet protocol (VoIP) in the United States. The company is developing 'single-click' and 'zero-click' security solutions for real-time communications; and 'end-to-end' security for VoIP, video conferencing, and other types of peer-to-peer collaboration.

 

* VirnetX said in a press release that the court denied the Motion to Dismiss filed by Microsoft in connection with VirnetX's lawsuit against Microsoft. The suit alleges patent infringement by Redmond, WA-based Microsoft Corporation, and seeks damages, injunctive relief and costs. Shares of VirnetX rose slightly on Thursday to gain half a penny or 1.26% to $4.81 – the stock is down 15% so far this week.

International Coal Group, Inc., (NYSE:ICO) through its subsidiaries, produces coal in Northern and Central Appalachia with a range of mid to high Btu, low to medium sulfur steam, and metallurgical coal. It produces, processes, and sells steam coal from 12 regional mining complexes, which, as of December 31, 2007 were supported by 13 active underground mines, 13 active surface mines, and 9 preparation plants located throughout West Virginia, Kentucky, Maryland, and Illinois.

* Coal stocks rose amid a battered broader market on Wednesday after a Stifel Nicolaus analyst raised his price expectations for the commodity next year as supplies are expected to dwindle. Analyst Paul Forward raised his 2009 price expectation for Central Appalachian steam coal -- a benchmark grade widely used by power plants -- to $105 a ton from $85 a ton. Shares of International Coal rocketed 9% on Wednesday and then fell 43 cents or 3.24% to $12.85 on Thursday.

Fieldpoint Petroleum Corporation (AMEX:FPP) engages in the acquisition, operation, and development of oil and natural gas properties in the United States. Its properties are primarily located in Louisiana, New Mexico, Oklahoma, South-Central Texas, and Wyoming.

* On Monday, Fieldpoint Petroleum announced the acquisition of various interests in the Spraberry Trend located in Midland County, Texas and in the Flying M Field located in Lea County, New Mexico. The Spraberry Trend is operated by Pioneer Natural Resources, and the Flying M Field is operated by Chesapeake Energy. The acquisition price is $1,295,000 for various interests in seven producing wells and the leasehold and related equipment, effective July 1, 2008. Shares of FPP rocketed 16.5% on the news Wednesday only to plummet $1.04 or 14.27% to $6.25 on Thursday.

ReneSola, Ltd., (NYSE:SOL) through its subsidiaries, engages in the manufacture and sale of solar wafers and related products in the People's Republic of China. It offers feedstock, ingots, and wafers for the solar industry. The company sells solar wafers to Chinese and international PV cell manufacturers.

* On Wednesday, ReneSola released further details of its follow-on public offering of American Depositary Shares. A total of 9,000,000 ADSs, each representing two shares of the Company, are being sold in the Offering at a price of US$20.50 per ADS. Of the ADSs to be sold in the Offering, 8,577,220 ADSs represent new shares being issued by ReneSola and 422,780 ADSs are being sold by certain selling shareholders, including certain directors of the Company. Shares of SOL rose 66 cents or 3.07% to $22.15 on Thursday.

Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.

* Shares of investment banks ended Thursday trading mixed, with Lehman Brothers falling yet again this week after posting fiscal second-quarter results earlier in the week. Shares of Lehman fell 32 cents or 1.29% to $24.46 on Thursday and are down more than 10% on the week.

The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest­ stocks to short that day.

LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. LocateStock TV is a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO. 

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

 

CONTACT:     pressrelease@locatestock.com / 201-332-6800

SOURCE:        Locate Stock, LLC