It may be cheap, but is it a Goode value?
The SEC has a habit of belatedly suing those that Andrew Left of Citron Research has criticized. This time the company is Home Solutions of America, a company that I have written about a few times. I have written about Left many times before. Definitely make sure to see my “Can you trust the StockLemon” [...]
While I wish I were referring to myself, I refer to Andrew Left of Citron Research (see my other articles referencing him). Once again today his bold assertions of fraud were vindicated when a court ruled that Conversion Solutions Holding Company & Rufus Harris did bad things. The SEC’s press release on the matter is [...]
Those of you who read this blog probably know about Andrew Left. He is a well-known short seller of penny stocks who has successfully identified multiple frauds. I admire his thorough research although I do not always approve of the inflammatory language he uses (and I certainly do not approve of the garish design of [...]
With apologies to Charles Trenet, Home Solutions of America just went “Boum”. Allegations of fraud by journalists, contractors, and short sellers are one thing. But to have a board member quit and list details of numerous fraudulent activities–well, that usually spells the end of a company. Following is Stephen Sewell’s resignation letter (from the SEC [...]
Andrew Left of Citron Research posted an article slamming Remote MDX (OTC BB: RMDX) back on December 4th. He got a decent amount of attention for it, too. Yet he is a little late to the party: I have been on that company’s case since August 20. See my two posts from that date on [...]
Q: Is NNRI very undervalued?
A: Ha ha ha ha. Seriously, what is wrong with you? What could be undervalued about a little over-hyped penny stock with no assets, no sales, sketchy management, and a $66 million market cap?
Q: Are there problems with technical analysis?
A: Yes. It doesn’t work. Actually, I have to qualify that: there [...]
My last post reminded me of Gary Weiss’ criticism of Mark Cuban’s website Sharesleuth. Cuban pays a reporter to dish up dirt on public companies, and to fund the venture he shorts the stock of those companies before the articles are published. Cuban calls it a new business model for investigative journalism, Weiss calls [...]
The point of this article is threefold: to associate the nickname “The Reaper” with me and my short selling activities so that when I become as famous as Jim Chanos or Manuel Asensio or at least Andrew Left, I can appear on the cover of Forbes magazine wielding a scythe (see picture below); to [...]
Following is my record so far on all stocks I have disparaged or praised in this blog (not just the ones on which I made a good call):
Disparaged:
American Realty Investors (ARL: $8.03 +1.65%, market cap: $92.5M): Down 1.4% since I pilloried this over-indebted real estate company.
Home Solutions of America (HSOA: $0.00 N/A, market cap: $N/A): [...]
CEO Previously Fined by SEC
First, see David Phillips’ article on the company’s CEO, Harmel S. Rayat, and his other failed companies. Then take a look at the SEC’s website to find out that Octillion’s CEO and majority shareholder was previously fined $20k for stock promotion. Andrew Left of StockLemon wrote a nice (if dated) article [...]