CAPS players are smarter than German banks
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.
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.