Michael Goode

Cytocore: More Management by Hype and Distortion

Also, please note the following correction: the $1.5 million is not the cash burn but the negative cash flow from operations; the company's cash did not decline over the last year, but only because it issued shares and certain investors exercised warrants. So while the company is not closer to bankruptcy than it was a year ago, it is financially weak and it will need to continue to issue shares to survive. I still believe that management's buying of shares is not nearly as positive an event as the press release made it seem.

A corrected version appears on my blog. I apologize for any errors.
www.goodevalue.com/200.../

Cytocore: More Management by Hype and Distortion

Hey, I hope you are right and the product is good and the company can capitalize on it. If so, the world will be a better place. I will certainly not be investing, though.

My 2008 Predictions for Financial Catastrophe

Please note that I do not necessarily think the above will happen. I view it more as a possible, worst case scenario.

What's Going on with MBIA's Stake in Channel Reinsurance?

Iviewer, yes it is possible for the equity to be wiped out but the claims paying ability to remain. It is not, however, likely.

Fredrick’s of Hollywood and Movie Start Inc.: Reverse Merger Mania

You bring up good questions. I think I mentioned in my previous article on MSI/Fredrick's that Fredrick's had been in bankruptcy. Anyway, all the troubles with bankruptcy were due to over-leveraging.

In my pro-forma I necessarily included the public costs, because I did combine the two companies, and the costs of Sarbox et al. should not increase substantially just because the company is now larger.

As to the valuation, you are looking a lot smarter than I am what with the continued troubles in retailing.

RemoteMDx Strengthened by Monitoring Center Upgrade

Arggh. I misspelled disingenuous above. Sorry.

RemoteMDx Strengthened by Monitoring Center Upgrade

This article adds no new info. Also, it is disingenous to say that SecureAlert developed the technology. It did, but that was before it was bought by current management back in 2001 for only $4.3 million. See: www.sec.gov/Archives/e...
"The Company granted the former SecureAlert II shareholders limited
antidilution rights and agreed that through June 2003, if the Company issues or sells any shares of common stock for consideration of less than $3.00 per share, then it will issue additional shares to the SecureAlert II shareholders such
that the total value of the shares of common stock issued in the acquisition, including the additional shares, if any, totals $4,299,999."

Red Flags at Bidz.com

Rather than re-hashing old lies about Left, why not read the truth about him? I did a series of articles about him on my blog. I do not know him personally but I do read his blog:

Can You Trust the StockLemon: Part 1
www.goodevalue.com/200.../

Can You Trust the StockLemon: Part 2
www.goodevalue.com/200.../

Can You Trust the StockLemon: Part 3
www.goodevalue.com/200.../

Can You Trust the StockLemon: Part 4
www.goodevalue.com/200.../

Is Octillion Really Worth $134 Million?

Ha ha!

A Tale of Two Oil Companies: Stormcat Energy and Fox Petroleum

The point still stands: one company is recovering economically significant amounts of oil from producing wells. The other hopes to drill some wells (and does not have enough cash on hand to do much drilling). My thesis has been accepted by the stock market: FXPE's stock has fallen by 54% while SCU's has fallen by only 26%.

SEC & NYSE Abetting Stock Fraud With Margin Rules?

But why should it be that way? Why can't the market for tiny companies be as clear and relatively safe (although frauds like Enron will always be around) as the larger public markets? Tiny companies will never get a ton of analyst coverage, but making short selling easier will lead short sellers to correct the most outrageous penny stock antics (such as ConnectaJet).

Questioning H2Diesel's Market Prospects

Thanks for making some good points.

Questioning H2Diesel's Market Prospects

You make a good point. However, this is chemically quite different from normal diesel fuel or biodiesel. This can damage normal diesel engines. See www.caranddriver.com/a...

SEC Slaps Stock Manipulators on Wrist

I have not ever seen a specialist commit this sort of fraud. Specialists make money on the bid/ask--if anything, they have incentive to keep a stock from moving.

Who or what is IDA?

Stay Away From Octillion

And from the company's recent prospectus:

"FISCAL YEAR 2007 [stock price]
Third Quarter (March 1 through May 8, 2007)
High: $1.37
Low: $0.60"

So, yeah, that was a below market price for the PIPE.

If you want to check, see p24 here:
www.sec.gov/Archives/e...