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  • Opko Health: Standing Bullish Following Q&A With Dr. Phillip Frost [View article]
    We respect the work that TheStreetSweeper has done in recent years exposing questionable companies and protecting the investing public. However, we do have some serious questions about the relationship between TheStreetSweeper and Opko that we think need to be answered. Consider the following:

    Hunter Adams is the founder of TheStreetSweeper (please see his bio per TheStreetSweeper - http://bit.ly/1baJ2RI). This article from 2010 highlights that Hunter Adams’ “estranged wife was financing” TheStreetSweeper (http://bit.ly/1eiEobX).

    Additionally, as we cited in our report, Dr. Frost has a large number of connections to Barry Honig, an individual who we believe is a serial stock promoter and who has been the subject of multiple lawsuits. We have counted numerous different penny stocks in which Frost and Honig have both invested in recent years, including entities in which Opko is directly involved. In fact, Barry Honig’s office is listed as being in the exact same suite (Suite 850) of 4400 Biscayne Blvd. as Dr. Frost’s Frost Gamma Investments Trust. Please see our report for more details.

    Hunter Adams’ either current or former wife, Suzanne Adams, is listed as a registered agent (http://bit.ly/1bTVFow) of an entity located in Suite 850 of Dr. Frost’s building (http://bit.ly/1kP9IwC) in Miami (4400 Biscayne Blvd.) called The Three Kings of Queens, Inc., a Miami-based entity of which Barry Honig is President (http://buswk.co/IZY71B) and listed as a director (http://1.usa.gov/1bKOaiH). To be clear, the current or former wife of the founder of TheStreetSweeper is a current or former business associate of Barry Honig.

    Furthermore, our research has indicated that Hunter Adams (again, founder of TheStreetSweeper) and Barry Honig are first cousins.

    Here are our questions for TheStreetSweeper (and/or Opko) that we think need to be answered:

    1. Why was the relationship between Barry Honig and the owners of TheStreetSweeper not disclosed, particularly after we raised questions around Honig’s history as a stock promoter and his close ties to Opko in our report?

    2. How can investors trust the parties involved here given an apparent conflict of interest and the lack of any proper disclosure to the public?
    Dec 16, 2013. 12:00 PM | 4 Likes Like |Link to Comment
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