Value Microcaps Free-For-All

[Penny Lane]

Great post. From one of your links -

The firm that appears to have close relationships with dubious auditors is CCG, headed by Crocker Coulson.

http://seekingalpha.com/article/66772-7-chinese-companies-with-dubious-auditors

As the Madoff saga unfolds, I think the most obvious red flag the authorities missed in Madoff was the suspicious auditor and auditing. I googled UTVG's new auditor, MORGENSTERN, SVOBODA & BAER, CPA’s, and found them also a bit suspicious.

I couldn't find a website for MORGENSTERN and they list a g-mail box in the 10-K.

E-MAIL: [e-mail]

The list of other stocks they are retained in also extremely suspicious -

BBCZ - Bodisen Biotech
JNIP - Juniper Group
HSYT - Home System Group
AVRI - Averox, Inc.
NMEN - New Medium Enterprises
CHBS - Charleston Basics, Inc.