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CAPS players are smarter than German banks

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10

March 29, 2008 – Comments (4)

I came across a funny, short article in Barron's this morning that talks about how a German bank called Nord/LB had to take a charge of 82.5 million Euros (what is that, like a billion dollars by now?) to cover possible losses related to the purchase of OTC stocks.  One major holding of the bank was RemoteMDX (RMDX.OB).  Some of you will recognize it as a favorite of CAPS short sellers.  Here's a link to its page on CAPS. 

http://caps.fool.com/Ticker/RMDX.OB.aspx 

Take a look at some of the comments about this piece of trash.  For goodness sake RMDX is run by a guy who formrly ran a company called Biomune, which claimed to have developed a drug from cow milk that could cure cancer and AIDS.  Next time Nord/LB should do research here on CAPS before purchasing a stock.

Deej

4 Comments – Post Your Own

#1) On March 29, 2008 at 3:47 PM, abitare (31.77) wrote:

Crude, I lost my Top Bear pitch on RMDX.OB

NSTR... 

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#2) On March 29, 2008 at 7:40 PM, ATWDLimited (< 20) wrote:

LOL, they are really dumb.

Come view the The official Dollar Report, its loaded with analysis of the dollars actual value, that you cant get anywhere else, since I calculated it all my self and made the graph for inflation, GDP, M3 and Debt and compared them as backings per dollar.  

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#3) On March 29, 2008 at 7:51 PM, TMFDeej (99.43) wrote:

Thanks ATWDLimited.  I'll stop on over later.  I;m headed out to play poker in a few minutes.

Deej

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#4) On March 30, 2008 at 3:39 PM, dwot (42.57) wrote:

Like a billion now... lol

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