TheDirectory.com Inc (SEEK)

[Carini]

SEEK DD: 8.5B O/S, 30B A/S (yes, thirty billion). Delinquent in its filings, MIA CEO. Company went dark 8 months ago after promising to reschedule the quarterly conference call "as soon as possible." Not surprising, given how dismal they were.

In short: tons of notes, billions of shares waiting at .0001 to be dumped, declining revenues, outdated/obsolete/non-functioning product with no market value that is done way better by dozens of other companies, plus an incompetent, lying CEO whose last ticker was suspended by the SEC and who hasn't hit a single "forward looking" expectation since he told his buddy years ago that he was going to buy a public shell, start a fake business and milk the gullible public for hundreds of thousands of dollars.

That's the cliff notes version anyway. Not really worth reading the book itself. Plenty more tickers out there to play with, but if you ever see that Scott Gallagher is involved with one of them, run very fast in the opposite direction and check your pockets once you get away.