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Thursday, October 08, 2020 4:49:25 AM
Antihydrogen's Notes On The Medical Research Collaborative, LLC
Oct. 13, 2019 9:16 AM ET|About: Amarin Corporation plc (AMRN), Includes: MTNB
Summary
Know Your Source.
Proper due diligence is a must.
Part of making any prudent investment is understanding the market, the product, and the people that run the company. The opposite is also true. We need to understand who's attacking a company, to understand their merit, and to understand their agenda to assess the sum of risks. One of my investment is in Amarin Corporation. Naturally I perform due diligence on fundamentals, leadership, and science. Today my focus in on this entity called MRC (or Medical Research Collaborative, LLC) because their name keep popping up in forums and places attempting to sway opinions from the shadows. The way they operate feels like a penny stock broiler room. In the past year alone MRC had been launching an incessant discrediting campaign (i.e. link, link, link, link, link) on Amarin Corporation. It's clear after reading their twitter feed (link) that this entity's goal is to manufacture short narratives for the purpose of making short trades and to sell research materials to support its short theses from its website (link). Good shorts stand behind their reputation. George Soros, Carl Icahn, and even Andrew Left of the infamous Citron Research. Who runs MRC and what are their reputations? I could be wrong, but I'm not often wrong, that this organization carries the attributes of an illegal stock manipulation enterprise. Let me take you on a short journey to learn about this so called self-designated reputable organization.
1. Medical Research Collaborative, LLC
What's in a name? Looking up any news about them leads to one paid Accesswire advertisement (link) announcing the launch of their website offering market research. Under the contacts list shows:
James Murphy
Executive Director of Marketing
Medical Research Collaborative, LLC
Phone: 1-877-427-1317
Email: admin@medicalresearchcollaborative.com
Web: https://medicalresearchcollaborative.com/
2. About Us
Let's visit MRC's official business website. However, it's also anonymous with no public representatives shown. The contact page at least provides what appears to be a physical business address to a suite and phone number (link).
Medical Research Collaborative
7901 4th St N STE 4081
St Petersburg
FL 33702
Telephone 1-(877)-427-1317
3. People work for you, right?
Searching LinkedIn pulled up only 2 names.
Steven Giardino (link)
President and CEO at Medical Research Collaborative, LLC
Tampa/St. Petersburg, Florida Area
James Murphy (link)
Executive Director Of Marketing at Medical Research Collaborative, LLC
Houston, Texas Area
Steven Giardino's profile matched the same area where MRC is located. What's James Murphy doing in Texas away from the company. In either case both the CEO and the Executive Director of Marketing have empty profiles. I expected to see a list of related prior work experiences on a site like on LinkedIn with a nice collection of industry connections. After all this is how many industry professionals use LinkedIn to keep in touch these days.
4. At least you're a registered business, right?
According to the State of Florida's business registry MRC doesn't exist (link).
According to the Texas Comptroller of Public Accounts MRC doesn't exist either (link).
Surely the company must exist in a national business directory of 28m registered companies as an LLC right? MRC still doesn't (link).
Medical Research Corporation, LLC doesn't exist.
5. Let's locate Steven Giardino, CEO, from Florida
No public records of Steven Giardino (link), nor Steve Giardino (link), nor Stephen Giardino (link) of Florida. Not on Been Verified either (link). Not on TruthFinder (link). This supposedly reputable CEO who personally writes Citizen Petitions to the FDA and inquires FOIA requests is a ghost.
6. Let's take a closer look at the office location
"7901 4th St N STE 4081" at first looks legitimate but upon digging into its owner, Bay West Center, something goes awry (link). There are only 3 office floors and every floor's suite only has 3 digits and the first digit represents each floor. Where is suite 4081 located? On the roof?
It turns out the suite 4's (link) are actually mailboxes forwarded to a company called
NORTHWEST REGISTERED AGENT LLC (link)
7901 4TH ST N STE 300
ST. PETERSBURG, FL 33702
and this agent provides a quick and dirty anonymous company registration services online. There's no requirement to continue filing official papers to the state if the intent is to disappear after gorging on enough money.
Wrapping up
In our short journey to learn who the reputable people supporting MRC were, we instead learned that nobody exists and neither does the company. Perhaps trusting sources that aren't willing to openly put their own reputation on the line should be treated with great suspicion.Everyone has an agenda. It's your job as it's mine to weed out seemingly true false data because that's a risk we can't afford to take in high stakes investment.
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