Cambridge Capital Holdings, Inc. (CCHI)

[PaperProphet]

Last trade: $1.25.

As of the last annual report, the company had over $11 million in equity and about 350,000 shares outstanding (about $30/share). Last year it looks as though the CEO continued his practice of paying himself a hefty salary of around $3 million a year. So there are probably about two and a half years left before the CEO drains the coffers completely dry and folds the company.

One glimmer is that he's still filing reports with PinkSheets, even if only annually. That's something he doesn't have to do. Does that mean that he feels some fiduciary obligation to shareholders? I'm not sure. Given the share price, obviously very few shareholders trust that he'll ever do the right thing.