Citron Comments on Pyramid Oil (AMEX:PDO)

,

Yes we know that crude oil prices are trading 40% this year, and no we do not want to call a top to the oil market, yet speculation in crude oil prices has only been outdone by speculation in small oil stocks, to this we call your attention to Pyramid Oil (PDO). With $1.6 million in Q1 Revs and $27 mil in P1 reserves, PDO trading at $44 a share in our opinion would be as if oil was trading at $400 a barrel. 

To see what this company has to offer look at www.pyramidoil.com

Read more

Lawsuit challenging Arthrocare business model and Arthrocare Executive Has Been Referred to Florida’s State Attorney’s Office For Determination of Criminal Charges.

,
Could this be the final straw in the “Discocare Model”?

Just last week in the 17th Judicial Court in Broward County Florida a, judge made a determination in a contempt hearing that implicates Arthrocare executive and former Discocare director Michael Denker.

June 12 Court Doc (PDF)

This was a contempt hearing for Mr. Denker amongst others for not answering a deposition in the Islam personal injury case.  This case directly challenged the “Discocare model” as shown here:

http://www.citronresearch.com/wp-content/uploads/2008/04/new_problems_at_arthrocare.pdf

On June 12, the court record states:

Read more

American Superconductor – You Have To Read it To Believe It!!!

,

News Flash — Update — June 13, 2008

In behavior normally reserved for penny stock promotions, the CEO of AMSC sold $11 million in stock — around 250,000 shares — most of which was on the day of AMSC’s questionable press release. Selling into this volume, yet before release of the 8-K with the contract details, is deceptive business practice at its worst.
The questions about this deal have been best pointed out in numerous analyst reports, who raise the obvious doubts about the viability of this contract.

Read more

Emcore (NASDAQ:EMKR) To Become Largest Solar Provider in Fantasyland.

,

As Wall Street Continues to ignore the blatant fraud at Emcore, Citron thought we would address this in a novel way through an open letter to management. Emcore continues to tout a solar backlog but Citron has found no verifiable commercial size orders that could represent more than 5% of stated backlog. We hope that either management can address some of these concerns in this letter or prepare themselves for the consequences. Gentleman, securities fraud is a serious matter like everything else in fantasy world; it is never a problem, until it’s a problem

Read more