Ian Cassel's  Instablog

I was an investor in Quepasa (QPSA) back in 2010 when I was looking for a micro cap way to play the social networking buzz that was starting. At the time Quepasa was the only publicly traded social networking company that existed. Under John Abbott's leadership executing his business plan along with really no other public way for investors to invest in social networks created a scenario which really helped drive the price of Quepasa shares from $3 in early 2010 to a high of $15 a year later. During 2011 a flurry of social networking IPO's including Groupon, LinkedIn, Zynga, and others hit the market thus decreasing the scarcity of investment vehicles. Investors had choices which led to some money leaving Quepasa and the stock fell back to the current levels. Late in 2011, Quepasa completed its merger with MyYearBook, and now they've announced that by the fall of 2012, both MyYearBook and Quepasa will be merged under the MeetMe platform.

Access Interview here: microcapclub.com/2012/04/micro-cap-club-.../

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

"Pink Slime" has been all over the news in the last week. What the beef industry calls "lean finely textured beef" (LFTB) and the media call "pink slime" is used as filler. LFTB is basically all the crap that is left over after all the good stuff (like my Capital Grille Steak) has been sold. They run these leftovers through a processor, treat it with ammonia, and use this as a filler in ground beef, hotdogs, lunch meat, beef sticks, pepperoni, frozen entrees, and meatballs. In fact over 850 million pounds of this filler are used every year. I viral uproar has begun over the use of LFTB.

Continued: microcapclub.com/2012/04/how-do-you-make.../

Disclosure: I am long INMG.PK.

In this episode, Sean Marconi joins me again in discussing one of the most crucial aspects of micro cap due diligence, visiting a company. I also share some insight that I've gained after visiting 100+ companies through the years. Whether it was seeing the electrifying corporate culture at ZAGG in 2008, going underground in a silver mine, or being shown oil wells in Texas that ended up not even being the companies oil wells, there is always crucial insight to gain my visiting a company. We also talk about two companies in particular that we find very compelling, Patient Safety (PSTX), and Auxilio (AUXO). Both companies address crucial problems for the healthcare industry. These aren't story stocks, they will likely grow revenues 50%+ in 2012 with product offerings that could become the "standard" in their respected fields.

Listen Here: microcapclub.com/2012/03/micro-cap-club-.../

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.