SOURCE: Platina Energy Group, Inc.

November 12, 2008 09:30 ET

Platina Energy Group, Inc. (PLTG) SqueezeTrigger Price Is $0.15. Approximately 14.2 Million Shares Shorted Since December 2006 According to Research Report

DALLAS, TX--(Marketwire - November 12, 2008) - Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) announced today that BUYINS.NET,, is initiating coverage of Platina Energy Group after releasing the latest short sale data to November 2008. From December 2006 to November 2008 approximately 183.9 million total aggregate shares of PLTG have traded for a total dollar value of nearly $26.8 million. The total aggregate number of shares shorted in this time period is approximately 14.2 million shares. The first of several short squeezes is expected to begin when shares of PLTG close above $0.03, where approximately 139,000 shares have been shorted. According to data provided by the SEC through June 30, 2008, there have been as many as 405,033 shares failing to deliver (also referred to as, naked short) on one trading day. Click here to see a chart of failures to deliver from January 2004 through June 2008: To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit

Month           Total Vol.  Short Vol.  Avg. Price  Short $ Value

December '06       214,350      16,505       $0.09         $1,560
January '07        160,459      12,355       $0.10         $1,282
February           453,492      34,919       $0.12         $4,323
March              235,717      18,150       $0.13         $2,269
April            2,558,579     197,011       $0.19        $38,102
May              1,930,400     148,641       $0.24        $35,302
June             4,061,209     312,713       $0.33       $103,977
July             5,721,174     440,530       $0.45       $196,609
August          13,369,997   1,029,490       $0.31       $316,568
September        3,776,283     290,774       $0.21        $61,411
October          8,294,501     638,677       $0.24       $155,326
November         5,513,662     424,552       $0.25       $104,015
December         7,507,588     578,084       $0.19       $110,703
January '08      3,589,596     276,399       $0.18        $50,305
February         3,720,983     286,516       $0.16        $46,559
March            9,858,220     759,083       $0.12        $87,295
April            7,206,027     554,864       $0.11        $59,537
May              5,308,583     408,761       $0.10        $39,772
June            24,998,132   1,924,856       $0.12       $230,020
July            16,388,959   1,261,950       $0.13       $160,646
August           9,729,382     749,162       $0.09        $70,271
September       17,165,040   1,321,708       $0.07        $90,273
October         30,374,108   2,338,806       $0.04        $91,213
November         1,810,790     139,431       $0.03         $3,974

Total:         183,947,231  14,163,937       $0.15     $2,061,313

*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short
***short volume is the total short trade volume and does not account for

Market Maker Friction Factor is shown in the chart below:

Date      Change    %     BuyVol   Buy % SellVol   Sell    NetVol  Friction
11/10/08  -0.001  -3.57%  79,850  61.11%  50,825  38.89%   29,025  Abnormal
11/6/08   -0.002  -6.67% 184,525  52.74% 170,350  48.69%   14,175  Abnormal
10/31/08  -0.001  -3.23% 164,390  29.13% 399,922  70.87% -235,532  -2355320
10/30/08  -0.002  -6.06% 251,510  28.49% 631,186  71.51% -379,676  -1898380

Analysis of the Friction Factor chart above shows that in 4 sample trading days preceding this report, market makers have made a normal market in 2 of the 4 days. The Friction Factor displays how many more shares of buying than selling are required to move PLTG higher by one cent or how many more shares of selling than buying moves PLTG lower by 1 cent. On November 6th and 10th, more buying than selling resulted in the stock price actually dropping. Market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. We will continue our market surveillance on shares of PLTG and report abnormal market making accordingly.

The chart below shows the broker dealers acting as market makers in shares of PLTG.

                                        Volume            % of
                                       Jan - Oct          Total
Rank                Market Maker          2008           Volume
1               Knight Equity Markets   63,559,394           50
2                      UBS Securities   24,227,087           19
3                     E*Trade Capital    8,952,671            6
4                   Hudson Securities    6,722,119            9
5                   Automated Trading    2,512,135            6
6                         Archipelago    2,158,180            2
7                 Domestic Securities    2,024,516            4
8               Hill, Thompson, Magid    1,768,222            1
9                         Maxim Group    1,608,400            1
10               vFinance Investments      945,500          < 1

About Platina Energy Group, Inc.

Platina Energy Group, Inc. is a nimble E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to possible/probable reserves. It also owns rights to German Inspired extraction technologies. Although there are always considerations relative to sustainability of production development and profitability, engineering reports suggest strong hydrocarbon reserves.


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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 2,250,000,000 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 to access the data.

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