Michael Goode

http://www.goodevalue.com
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34 Comments

    • Sat Feb 16th 23:53 PM | Rating: 0 0
      Commented on:
      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.
      View article »
    • Thu Feb 7th 10:56 AM | Rating: 0 0
      Commented on:
      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.
      View article »
    • Thu Feb 7th 10:54 AM | Rating: 0 0
      Commented on:
      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.
      View article »
    • Tue Jan 29th 15:15 PM | Rating: 0 0
      Commented on:
      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.
      View article »
    • Fri Jan 4th 09:06 AM | Rating: 0 0
      Commented on:
      RemoteMDx Strengthened by Monitoring Center Upgrade
      Arggh. I misspelled disingenuous above. Sorry.
      View article »
    • Fri Jan 4th 09:05 AM | Rating: 0 0
      Commented on:
      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."
      View article »
    • Fri Dec 21st 10:43 AM | Rating: 0 0
      Commented on:
      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.../
      View article »
    • Thu Dec 13th 12:17 PM | Rating: 0 0
      Commented on:
      Is Octillion Really Worth $134 Million?
      Ha ha!
      View article »
    • Wed Dec 5th 09:06 AM | Rating: 0 0
      Commented on:
      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%.
      View article »
    • Fri Nov 9th 21:57 PM | Rating: 0 0
      Commented on:
      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).
      View article »
    • Wed Oct 24th 12:13 PM | Rating: 0 0
      Commented on:
      Questioning H2Diesel's Market Prospects
      Thanks for making some good points.
      View article »
    • Tue Oct 16th 14:51 PM | Rating: 0 0
      Commented on:
      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...
      View article »
    • Fri Sep 21st 12:26 PM | Rating: 0 0
      Commented on:
      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?
      View article »
    • Fri Sep 14th 22:56 PM | Rating: 0 0
      Commented on:
      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...
      View article »
    • Fri Sep 14th 20:13 PM | Rating: 0 0
      Commented on:
      Stay Away From Octillion
      First, my point still stands--has Octillion done something in the last few months to make it 10x more valuable?

      Second, the press release does not mention that it was placed at market value.

      Third, a look at the price chart on pinksheets.com shows the company's stock never got down to $0.50 per share.
      pinksheets.com/pink/qu...

      Fourth, the 'units' from the private placement included 3 options for each share. Even if the stock was at $0.50, the options make the units more valuable, meaning that the private investors received more value than the market price.

      If I am so wrong about Octillion, and I am not thorough, why not believe David Phillips, who is a professional analyst? He hates Octillion as much as me.
      10qdetective.blogspot....
      View article »
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